300 W Washington Boulevard, Pasadena, CA

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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.


Interior Features

Laundry Information
Location(s) None
Bedroom Information
Bedrooms N/A
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 300 W Washington Boulevard
City Pasadena
State CA
County Los Angeles
Listing Agent Ramiro Rivas DRE #01406511
Co-Listing Agent Erica Rivas DRE #01788685
Courtesy Of The Agency
List Price $1,769,000
Status Active
Type Residential Income
Subtype Mixed Use
Structure Size N/A
Lot Size 11,119
Year Built 1961

Listing information courtesy of: Ramiro Rivas, Erica Rivas, The Agency. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.