485 E Washington Blvd - Apartments FOR SALE
Pasadena, CA 91104 |
485 E Washington Blvd
Pasadena, CA 91104
HIGHLIGHTS
- Excellent Pasadena Location; Historically High Occupancy
- Well Maintained Property Situated on Spacious ± 38,240 SF Lot
- Excellent Unit Mix Featuring One-, Two-, and Three-Bedroom Floor Plans | Average Unit Size of 693 Square Feet
- Property Amenities Include: Open Grass Courtyard, Mature Landscaping, an On-Site Laundry Facility, and Ample Off-Street Open and Carport Parking
- Significant Potential for Rental Upside – Opportunity for Approximately 33% Rental Growth to Achieve Market Rents
- Offering at 4.00% Cap Rate on Current Income, 6.26% Cap Rate at Market Rents
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
13859
STORIES
2
YEAR BUILT
1950
PARKING SPACES
20
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5838-040-010
