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485 E Washington Blvd
Pasadena, CA 91104 Normandie Heights

$4,998,000 USD

Apartments For Sale • 13,859 SF

Property Details

Property Type Apartments
Total Building Size 13,859 SF
Lot Size 0.88 AC
Building Class C
Year Built 1950
Cap Rate 6.11 %
Zoning RM32, Pasadena

41 Transit Score

67 Walk Score

                
                    Highlights
                
                                OVER 6% CAP RATE 
                            
                                GREAT IN PLACE RENTS WITH BIG UPSIDE 
                            
                                EXCELLENT UNIT MIX | AVERAGE UNIT SIZE OF 693 SQ FT
                            
                                LARGE 38k SF LOT SIZE 
                            
                                REALLY STRONG RENTAL LOCATION
                            
                                 CASH COW TYPE OF PROPERTY

Financial Summary (Actual)

Net Operating Income: $305,207 USD (2024)

Cap Rate:	6.11 %
Total Expenses:	$138,487 USD

Amenities

Air Conditioning
Courtyard
Laundry Facilities
Heating
Kitchen
Range
Tub/Shower

Public Transportation

Airport	Drive	Walk	Distance
Bob Hope	25 min	-	18.0 mi
Los Angeles International	43 min	-	26.8 mi
Long Beach (Daugherty Field)	45 min	-	28.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Alexander Metaxas 626-313-4901 Realty Investment Advisors

485 E Washington Blvd Pasadena, CA 91104 Normandie Heights