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485 E Washington Blvd
Pasadena, CA 91104
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Excellent Pasadena Location; Historically High Occupancy
- Excellent Unit Mix Featuring One-, Two-, and Three-Bedroom Floor Plans | Average Unit Size of 693 Square Feet
- Significant Potential for Rental Upside – Opportunity for Approximately 33% Rental Growth to Achieve Market Rents
- Well Maintained Property Situated on Spacious ± 38,240 SF Lot
- Property Amenities Include: Open Grass Courtyard, Mature Landscaping, an On-Site Laundry Facility, and Ample Off-Street Open and Carport Parking
- Offering at 4.00% Cap Rate on Current Income, 6.26% Cap Rate at Market Rents
Property Facts
| No. Units | 20 | Building Size | 13,859 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 0.88 AC | ||
| Zoning | RM32, Pasadena - Multiple Dwelling | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 13,859 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | RM32, Pasadena - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,798 | 600 |
| 2+2 | 3 | $2,135 | 1,000 |
| 3+2 | 1 | $2,124 | 1,250 |
Property Taxes
| Parcel Number | 5838-040-010 | Improvements Assessment | $614,786 |
| Land Assessment | $568,671 | Total Assessment | $1,183,457 |
Property Taxes
Parcel Number
5838-040-010
Land Assessment
$568,671
Improvements Assessment
$614,786
Total Assessment
$1,183,457
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