$1,765,000
300 W Washington Boulevard Pasadena, CA
11
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Listed by Ramiro Rivas • The Agency
$1,765,000
Est. payment /mo
4,600 SqFt
Active
300 W Washington Boulevard Pasadena, CA
UPDATED:
11/26/2024 02:05 AM
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $383
MLS Listing ID CRP1-19141
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1961
Lot Size 0.255 Acres
Property Description
This 5-unit, single-story apartment complex in Pasadena features two-bedroom, one-bathroom units, offering a total interior space of 4,600 square feet on an 11,116 square foot lot. Fully occupied on month-to-month leases, the property has special PSR1 zoning, allowing for institutional use. Current rents yield a 4% cap rate, with potential for a 6.7% market cap rate. The front unit includes a two-car garage, while the remaining units have attached covered carports. Each unit is equipped with separate electricity and gas meters. The property also benefits from its prime location near the Rose Bowl, Old Town Pasadena, freeways, public transportation, and schools. Drive-by only--please do not disturb tenants or enter the property.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry No Hookups
Exterior
View None
Building
Water Public
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