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1253-1367 E Washington Blvd
Pasadena, CA 91104
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Desirable Renter Location; Pasadena Named Top 100 Best Places
- Historically High Occupancy
- Significant Potential for Rental Upside; Opportunity for Approximately 51% Rental Growth to Achieve Market Rents
- Convenient Access to Colorado Boulevard, Pasadena City College and California Institute of Technology
- Attractive Unit Mix Featuring One- and Two-Bedroom Floor Plans | Average Unit Size of 800 Square Feet
- Offering at 3.76% Cap Rate on Current Income, 6.70% Cap Rate at Market Rents
Property Facts
| No. Units | 7 | Lot Size | 0.37 AC |
| Property Type | Multifamily | Building Size | 5,578 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1952 |
| Zoning | PSR3 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 5,578 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Zoning | PSR3 |
Amenities
Unit Amenities
- Balcony
- Carpet
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,348 | 750 |
| 2+1 | 1 | $1,450 | 1,100 |
Property Taxes
| Parcel Number | 5849-008-007 | Improvements Assessment | $800,000 |
| Land Assessment | $700,000 | Total Assessment | $1,500,000 |
Property Taxes
Parcel Number
5849-008-007
Land Assessment
$700,000
Improvements Assessment
$800,000
Total Assessment
$1,500,000
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