300 W Washington BLVD Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-19141
HOA Y/N No
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)
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Gas Range,Refrigerator
Laundry None
Exterior
Garage Assigned,Carport,Garage
Garage Spaces 2.0
Carport Spaces 4
Garage Description 2.0
Pool None
Community Features Street Lights,Sidewalks
View Y/N No
View None
Total Parking Spaces 6
Private Pool No
Building
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Others
Senior Community No
Tax ID 5728013044
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard