300 W Washington Boulevard

Pasadena, CA

$1,769,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1961

calendar_month Built

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.

Listing Information

List Price $1,769,000
Status Active
MLS P119141
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1961
Lot Size 11,119
Structure Size N/A
DOM 1
Courtesy Of The Agency
Listing Agent Ramiro Rivas DRE#01406511
Co-Listing Agent Erica Rivas DRE#01788685

Interior Features

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

Exterior Information

Maps

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.