$5,695,000 Price Analysis   ♡   Pasadena, CA 91104 25 bed 24 bath 13,859 SqFt ($410/SqFt) 0.88 acre lot. Built 1950 Listed 2024-03-15, Taxes $17,045 | Ⓧ USDA Ineligible due to price & location near Pasadena |
We are proud to exclusively present a multifamily opportunity to acquir 485 East Washington Boulevard in the city of Pasadena.
485 East Washington Boulevard is situated between Los Robles Avenue and El Molino Avenue two blocks west of North Lake Avenue. The property is within walking distance to grocery stores, restaurants, parks and schools. The property is also within minutes to essential city frequented locationsShops on Lake, The Paseo, Pasadena Plaza, Oldtown Pasadena, Pasadena City College, California Institute of Technology, Jet Propulsion Laboratory, Art Center College of Design, Kidspace Childrens Museum and Eaton Canyon Nature Center. The city of Pasadena is ideally located within Southern California and offers easy and convenient access to all of Los Angeles County, Ventura County, San Bernardino County and beyond through the 210, 134, 110, 2 and 5 freeways as well as the Lake Avenue Gold Line Metro Rail station.
Significant local landmarks within a 20-mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, Crypto.com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios and more. 485 East Washington Boulevard is situated on a large lot of approximately 38, 240 square feet. The majority of the units consist of spacious, highly sought-after, single-story floorplans and all units are comprised of wall air conditioning and heating, tile and carpet flooring and big kitchens with gas oven/stove combination units. The property is well-maintained and features an open grass courtyard, mature landscaping, an on-site laundry facility and ample off-street open and carport parking. 485 East Washington Boulevard is a prime Pasadena income-producing property and a fantastic long-term investment. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor or those seeking a 1031 exchange opportunity.
Presented by Eric Chen at
Cb Richard Ellis.
Property MLS #CV24052236 from CRMLS
Heating Features: Wall Furnace
Heating: Yes
Parking Features: Parking YN: Yes, Parking Features: Carport
Parking Total: 15
Lot Size Acres: 0.8779
Lot Size Source: Assessor
Lot Size Square Feet: 38240
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Gardener Expense: 3276.00
Maintenance Expense: 15000.00
Vacancy Allowance: 12765
County: Los Angeles
Cap Rate: 4.00
Other Expense: 4000.00
Source Property Type: Residential Income
Insurance Expense: 14711.00
Area: 645 - Pasadena (NW)
Source Neighborhood: 645 - Pasadena (NW)
New Taxes Expense: 68030.00
Number of Separate Electric Meters: 20
Number of Separate Gas Meters: 20
Number of Separate Water Meters: 1
Parcel Number: 5838040010
Postal Code Plus 4: 2204
Professional Management Expense: 40509.00
Trash Expense: 13232.00
Zoning: PSR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $579,328 + $535,873 $1,115,201 | $17,045 |
| 2021 | $567,969 + $525,366 $1,093,335 | $16,365 |
| 2020 | $562,146 + $519,980 $1,082,126 | $15,852 |
| 2019 | $551,124 + $509,785 $1,060,909 | $15,852 |
| 2018 | $540,318 + $499,790 $1,040,108 | $15,627 |
| 2017 | $529,724 + $489,991 $1,019,715 | $15,431 |
| 2016 | $519,338 + $480,384 $999,722 | $14,957 |
| 2015 | $511,538 + $473,169 $984,707 | $14,778 |
| 2014 | $501,518 + $463,901 $965,419 | $14,639 |
| 2013 | $499,252 + $461,805 $961,057 | $14,609 |
| 2012 | $489,463 + $452,750 $942,213 | $14,467 |
| 2010 | $479,866 + $443,873 $923,739 | $13,941 |
| 2009 | $477,412 + $441,603 $919,015 | $13,890 |
| 2009 | $476,280 + $440,556 $916,836 | $13,890 |
| 2008 | $468,051 + $432,945 $900,996 | $13,124 |
| 2007 | $458,874 + $424,456 $883,330 | $12,611 |
$5,695,000
CRMLS
Listing removed 2023-08-08
$0
CRMLS
Price Changed 2023-05-11
$6,249,000
CRMLS
Listed 2023-04-04
$6,350,000
CRMLS
Sold 1999-07-19
$72,500
Public Record
Sold 1988-03-08
$765,000
Public Record
Sold 1984-05-14
$290,000
Public Record
Year Built: 1950
Building Features: 4
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 74
Property Attached: Yes
Levels or Stories: One, Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 13067.00
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 | ||||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.