300 W Washington BLVD Pasadena, CA
Active
$1,765,000
0%
Units
10 Beds
5 Baths
4,600 Area(sq.ft.)
11,119 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | P1-19141PF |
| Days On Market: | 81 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 384 |
| Year Built: | 1961 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 37,239 |
| Net Operating Income: | $ 70,449 |
| Cap Rate: | 4% |
| Gross Rent Multiplier: | 16.43 |
| Actual Gross Rent: | $ 8,974 |
Structure
| Community Features: | Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Carport, Garage |
Interior
| Cooking Appliances: | Range |
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | None, Refrigerator |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | None |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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