485 Washington

Pasadena, CA, 91104
Pending $4,850,000
  • 25beds
  • 13,859sqft
  • 0.88acre
***SELLER WANTS TO SEE ALL OFFERS***ONE OF THE BEST CAP RATES IN PASADENA RIGHT NOW*** OVER 6% CASH ON CASH RETURN with solid rent growth as units turn over and become vacant. Over all this is a fantastic bread-n-butter apartment investment on almost ONE ACRE of land. Super strong rental location of Pasadena with low maintenance type buildings. Two single-story buildings offering a unit mix of One 3Bed+2bath, Three 2Bed+1bath and 16 spacious 1Bed+1bath units and NO SOFT-STORY. 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.
Listing agents:
Alexander Metaxas
License #01784652
Realty Investment Advisors, Inc.
Benjamin J. Hsiang
License #01438644
Realty Investment Advisors, Inc.

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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: 2025-12-08 20:33:21

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