Homes for sale - 300 W Washington BLVD, Pasadena, CA

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$1,765,000

Est. payment - /mo

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0.26 Acres Lot

Price Dropped by $4K

300 W Washington BLVD Pasadena, CA

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Julia Pickslay

julia@lahomesbyjulia.com +1(650) 862-2655

UPDATED:

11/25/2024 06:50 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-19141

HOA Y/N No

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

Area 645 - Pasadena (Nw)

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator

Laundry None

Exterior

Parking Features Assigned, Carport, Garage

Garage Spaces 2.0

Carport Spaces 4

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Story One

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Others

Senior Community No

Tax ID 5728013044

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Ramiro Rivas • The Agency

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Julia Pickslay

Agent | License ID: 02130149

+1(650) 862-2655