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Mike And Mary Jafarkhani

[email protected] +1(949) 533-5040

$ 1,769,000

Est. payment -/mo

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Active

300 W Washington BLVD Pasadena, CA

4,600 SqFt

UPDATED:

09/30/2024 06:25 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,600 sqft

Price per Sqft $384

MLS Listing ID P1-19141

HOA Y/N No

Year Built 1961

Lot Size 0.255 Acres

Acres 0.2553

Property 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.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator

Laundry None

Exterior

Garage Assigned, Carport, Garage

Garage Spaces 2.0

Carport Spaces 4

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks

View Y/N No

View None

Parking Type Assigned, Carport, Garage

Total Parking Spaces 6

Private Pool No

Building

Story One

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Others

Senior Community No

Tax ID 5728013044

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Ramiro Rivas • The Agency

Mike And Mary Jafarkhani

Broker Associate | License ID: 00999447

+1(949) 533-5040

Mike And Mary Jafarkhani

300 W Washington BLVD Pasadena, CA

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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300 W Washington BLVD