485 Washington

Pasadena, CA, 91104
For Sale $4,990,000
  • 25beds
  • 13,859sqft
  • 0.88acre
Listing agents:
Alexander Metaxas
License #01784652
Realty Investment Advisors, Inc.
Benjamin J. Hsiang
License #01438644
Realty Investment Advisors, Inc.
OVER 6% CAP RATE ON CURRENT RENTS! Great investment offering at under $250k per unit on almost 1 acre of land. A Buyer could be looking at over a 6% CASH ON CASH RETURN with this property even with today's interest rates. Cash cow opportunity in super strong rental location with bulletproof buildings on a large lot with BIG UPSIDE! Possibilities for ADU and great rent growth make this one of the best opportunities in Pasadena right now. With mostly single-story floor plans offering a unit mix of One 3Bed+2bath, Three 2Bed+1bath and 16 spacious 1Bed+1bath units. 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.

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485 Washington is a Residential Income property located in Pasadena, California, featuring a 0.878 acre lot, 13,859 sqft, 25 bedrooms, MLS #24456721.

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Data last modified: 2025-07-15 20:16:01