• 485 E Washington Boulevard Pasadena, CA 91104

  • $5,695,000
  • 0
    Bed(s)
  • 0
    Baths
  • 13,859
    Sq Ft
  • 38240
    Sqft
  • Listed By: ERIC CHEN, CB RICHARD ELLIS, DRE #01489184
  • Source: CRMLS

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.

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Cooling Features

Wall/Window Unit(s)

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Building Information

Year Built: 1950

Building Area Total: 13,859

Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.8779

Lot Size Source: Assessor

Lot Size Square Feet: 38240

Listing Price Information

Original List Price: 5,695,000

Listing Contract Date: 2024-03-14

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5838040010

Garage and Parking

Garage Description: Carport

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

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

Building and Construction

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

Nearby Home Value

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.

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