Thank you
Eric Chen
CB RICHARD ELLIS
909-418-2000
We are proud to exclusively present a multifamily opportunity to acquire 485 East Washington Boulevard in the city of Pasadena. 485 East Washington Boulevard is situated between Los Robles Avenue and El Molino Avenue just two blocks west of North Lake Avenue. The property is within walking distance to grocery stores, restaurants, parks, and schools. The property is also within minutes to essential city frequented locations—Shops on Lake, The Paseo, Pasadena Plaza, Oldtown Pasadena, Pasadena City College, California Institute of Technology, Jet Propulsion Laboratory, Art Center College of Design, Kidspace Children’s Museum, and Eaton Canyon Nature Center. The city of Pasadena is ideally located within Southern California and offers easy and convenient access to all of Los Angeles County, Ventura County, San Bernardino County and beyond through the 210, 134, 110, 2 and 5 freeways as well as the Lake Avenue Gold Line Metro Rail station. Significant local landmarks within a 20-mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, Crypto.com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. 485 East Washington Boulevard is situated on a large lot of approximately ±38,240 square feet. The majority of the units consist of spacious, highly sought-after, single-story floorplans and all units are comprised of wall air conditioning and heating, tile and carpet flooring, and spacious kitchens with gas oven/stove combination units. The property is well-maintained and features an open grass courtyard, mature landscaping, an on-site laundry facility, and ample off-street open and carport parking. 485 East Washington Boulevard is a prime Pasadena income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
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Water Source : Public
Sewer : Public Sewer
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1950
Building Area Total: 13,859
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.8779
Lot Size Source: Assessor
Lot Size Square Feet: 38240
Original List Price: 5,695,000
Listing Contract Date: 2024-03-14
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5838040010
Garage Description: Carport
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 645 - Pasadena (NW)
Postal Code Plus 4: 2204
Directions: Take the I-10W, Merge onto I-210W, Exit Hill Avenue, Turn Left on E Washington Blvd.
Zoning: PSR3
Source Property Type: Residential Income
Area: 645 - Pasadena (NW)
Property SubType: Apartment
Property Age: 74
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: One,Two
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1936 Santa Rosa Avenue, Pasadena, CA,91104 | $825,000 | 2 | 1 | 891 | 10386 Sqft |
1253 E Washington Boule.., Pasadena, CA,91104 | $1,800,000 | -- | -- | 5,578 | 15921 Sqft |
1746 Atchison Street, Pasadena, CA,91104 | $1,195,000 | -- | -- | 2,592 | 8994 Sqft |
1601 Sinaloa Avenue, Pasadena, CA,91104 | $1,256,000 | -- | -- | 2,256 | 7254 Sqft |
708 N El Molino Avenue, Pasadena, CA,91104 | $1,200,000 | 4 | 2 | 1,061 | 4882 Sqft |
1455 1457 N Hill Avenue, Pasadena, CA,91104 | $1,399,000 | -- | -- | 3,046 | 10316 Sqft |
239 Robinson Road, Pasadena, CA,91104 | $1,149,999 | 4 | 3 | 2,206 | 5085 Sqft |
1728 N Sierra Bonita Av.., Pasadena, CA,91104 | $10,980,000 | -- | -- | -- | 37413 Sqft |
547 Douglas Street, Pasadena, CA,91104 | $1,395,000 | 3 | 2 | 1,383 | 9535 Sqft |
925 Atchison, Pasadena, CA,91104 | $1,599,000 | 4 | 2 | 2,645 | 7652 Sqft |
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ByOwner last updated this listing 05/17/2024 @ 05:50
MLS: CV24052236
LISTED BY: ERIC CHEN, CB RICHARD ELLIS
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.