300 W Washington Blvd, Pasadena, California, United States

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Home For Sale

$1,769,000

300 W Washington Blvd
Pasadena, California, United States

10bd 5ba

Listed By: Realtyww Info

Listed On: 09/09/2024

Listing ID: GL11263782 View More Details

Description

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.

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Listed by: Ramiro Rivas