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listing
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Residential IncomeFor Sale
$4,998,000
485 E Washington Boulevard
Pasadena, CA 91104
Listing Office: Realty Investment Advisors, Inc.
MLS: California Regional MLS (CRMLS)
25Beds
24Baths
13,859Sq Ft
Est. Mortgage
$25,899/mo

OVER 6% CAP RATE AND 10.93 GRM ON CURRENT RENTS! Great investment offering at under $250k per unit on almost 1 acre of land. A Buyer could be looking at over a 6% CASH ON CASH RETURN with this property even with today's interest rates. Cash cow opportunity in super strong rental location with bulletproof buildings on a large lot with BIG UPSIDE! Possibilities for ADU and great rent growth make this one of the best opportunities in Pasadena right now. With mostly 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, an on-site laundry facility that yields a steady flow of income with open and carport parking.

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