485 E Washington Boulevard, Pasadena, CA 91104

Local realty services provided by:ERA Excel Realty
485 E Washington Boulevard,Pasadena, CA 91104
$4,850,000
  • 25 Beds
  • 24 Baths
  • 13,859 sq. ft.
  • Multi-family
  • Active
Listed by:alexander metaxas
Office:realty investment advisors, inc.
MLS#:24456721
Source:CRMLS

Price summary

  • Price:$4,850,000
  • Price per sq. ft.:$349.95

About this home

***SELLER WANTS TO SEE ALL OFFERS***ONE OF THE BEST CAP RATES IN PASADENA RIGHT NOW*** OVER 6% CASH ON CASH RETURN with solid rent growth as units turn over and become vacant. Over all this is a fantastic bread-n-butter apartment investment on almost ONE ACRE of land. Super strong rental location of Pasadena with low maintenance type buildings. Two single-story buildings offering a unit mix of One 3Bed+2bath, Three 2Bed+1bath and 16 spacious 1Bed+1bath units and NO SOFT-STORY. 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, an on-site laundry facility that yields a steady flow of income with open and carport parking.

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Home facts

  • Year built:1948
  • Listing ID #:24456721
  • Added:341 day(s) ago
  • Updated:September 26, 2025 at 10:46 AM

Rooms and interior

  • Bedrooms:25
  • Total bathrooms:24
  • Living area:13,859 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1948
  • Building area:13,859 sq. ft.
  • Lot area:0.88 Acres

Finances and disclosures

  • Price:$4,850,000
  • Price per sq. ft.:$349.95
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