858-525-5007

485 Washington, Pasadena CA 91104 | $4,850,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 38252 Lot Sq Ft
  • Type:
  • Stories: 1
  • Year Built: 1948
  • MLS#: 24456721
  • Community: 646 - Pasadena (NE)

Listing provided courtesy of Alexander Metaxas of Realty Investment Advisors, Inc.. Last updated 2025-11-05 09:11:16.000000. Listing information © 2025 SANDICOR.

***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.

More Details

0.88 Acres
1 Story

David Piper​

Call or Text: 858-525-5007

DRE# 02021985