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    300 W Washington Boulevard

    Pasadena, CA 91103
    • $1,650,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: WS21119759
    $1,650,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    5-Unit Single-story apartment situated in Pasadena, CA, near the Rose Bowl. Total size 4,600 square feet on a 11,116 square feet lot. Separate electricity and gas meters. This is a value-add opportunity, currently below market rents with 27% potential upside income based on fair market rents; 100% occupied. Zoning RM-16. There is also a 2-car garage for a future potential accessory dwelling unit (ADU). Buyer and buyers agent are responsible to verify the accuracy all information that pertains to buyers investigation. Drive by only. Tenants are unaware of the sale, please do not disturb tenants. Do not go onto the property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-26T17:35:13.06. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/117884380
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    300 W Washington Boulevard Pasadena, CA 91103

    • Price: $1,650,000
    • Status: Active
    • ID#: WS21119759
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    1961
    Built
    Neighborhood:
    645 - Pasadena (NW)
    County:
    Los Angeles
    Area:
    645 - Pasadena (NW)
    Property Description
    5-Unit Single-story apartment situated in Pasadena, CA, near the Rose Bowl. Total size 4,600 square feet on a 11,116 square feet lot. Separate electricity and gas meters. This is a value-add opportunity, currently below market rents with 27% potential upside income based on fair market rents; 100% occupied. Zoning RM-16. There is also a 2-car garage for a future potential accessory dwelling unit (ADU). Buyer and buyers agent are responsible to verify the accuracy all information that pertains to buyers investigation. Drive by only. Tenants are unaware of the sale, please do not disturb tenants. Do not go onto the property.
    Exterior Features

    Carport Spaces 4 Carport YN Yes Number Of Separate Electric Meters 5 Parking Features Carport Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Suburban Fuel Expense 0 Garage YN Yes Gross Income 96600 Gross Scheduled Income 96600 Insurance Expense 3162 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer HookupNone Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 57790 New Construction YN No New Taxes Expense 21250 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 0 Number Of Units Leased 5 Operating Expense 38810 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 8050 Trash Expense 0 Water Sewer Expense 7250 Water Source Public Zoning Rm-16

    Listing provided courtesy of Jonathan Hua of Manrealty.Com and Philip Chang of Manrealty.Com


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-26T17:35:13.06. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101