Property Detail

485 Washington

Pasadena CA 91104

$5,195,000

Status: Active

Property Details

Description

5% Cap Current Rents with this multifamily investment opportunity with significant UPSIDE! With a large lot of about 38,240 square feet there is great potential for ADU possibilities. With mostly ideal 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, mature landscaping, an on-site laundry facility, and ample off-street parking, including carport options. This bread and butter apartment property is a money maker and secure long-term investment play and excellent 1031 exchange opportunity.

Map Location

Listing provided courtesy of Alexander Metaxas of Realty Investment Advisors, Inc.. Last updated 2024-11-25 09:11:28.000000. Listing information © 2024 CRMLS.

Linda Lederer Bernstein

Linda Lederer Bernstein

DRE #1527365
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