300 W Washington BLD, Pasadena, CA - MLS#CRP1-19141

REQUEST A TOUR

In-PersonVirtual Tour

Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 1,769,000

Est. payment | -/mo

0.26 Acres Lot

Save

$ 1,769,000

Est. payment | -/mo

Save

0.26 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRP1-19141

Originating Board California Regional MLS

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)

Rooms

Kitchen Oven Range - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Laundry None

Exterior

Garage Assigned Spaces, Carport , Garage

Garage Spaces 6.0

Pool 31, None

View None

Building

Story One Story

Water District - Public

Others

Tax ID 5728013044

Special Listing Condition Not Applicable

Listed by Ramiro Rivas • The Agency

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA