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listing
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Residential IncomeFor Sale
$5,195,000
485 E Washington Boulevard
Pasadena, CA 91104
Listed by Alexander Metaxas DRE#01784652 [email protected] Realty Investment Advisors, Inc.
MLS: California Regional MLS (CRMLS)
25Beds
24Baths
13,859Sq Ft
Est. Mortgage
$26,916/mo

5% Cap Current Rents with this multifamily investment opportunity with significant UPSIDE! With a large lot of about 38,240 square feet there is great potential for ADU possibilities. With mostly ideal single-story floor plans offering a unit mix of One 3Bed+2bath, Three 2Bed+2bath and 16 spacious 1Bed+1bath units. Each unit is equipped with wall-mounted air conditioning and heating, a mix of tile and carpet flooring, and expansive kitchens with gas oven/stove combinations. The property is well-maintained, showcasing an open grass courtyard, mature landscaping, an on-site laundry facility, and ample off-street parking, including carport options. This bread and butter apartment property is a money maker and secure long-term investment play and excellent 1031 exchange opportunity.

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Information courtesy of Realty Investment Advisors, Inc. is subject to verification and is not guaranteed.
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