858-525-5007

2301 Pasadena, Los Angeles CA 90031 | $1,795,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 0 Lot Sq Ft
  • Type: Multi Family
  • Stories: 2
  • Year Built: 1962
  • MLS#: SR26162858
  • Community: 677 - Lincoln Hts

Listing provided courtesy of Logan Altman of Altman Apartments LLC. Last updated 2026-09-24 08:28:08.000000. Listing information © 2025 SANDICOR.

Pads on Pasadena Avenue - a 22-unit boutique repositioning opportunity in Lincoln Heights / NELA, minutes to DTLA, LAC+USC Medical Center and the Metro L Line. Operated under a valid LAHD RSO certificate; rooms feature private kitchenettes with on-site shared laundry. Priced at $1,795,000 against a 9.82% stabilized pro forma cap (GRM 5.87). The asset is currently in lease-up, offering a rare value-add basis with fully entitled plans to add a private bath to every room and create private-bath studios. Dual-use flexibility as a boutique hostel or RSO apartments, with strong 2028 Olympics-driven demand. Financials shown reflect stabilized underwriting; current occupancy is in repositioning. Buyer to verify all figures, entitlements, unit legality and square footage.

More Details

2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985