Back

1 of 21

2 of 21

3 of 21

4 of 21

5 of 21

6 of 21

7 of 21

8 of 21

9 of 21

10 of 21

11 of 21

12 of 21

13 of 21

14 of 21

15 of 21

16 of 21

17 of 21

18 of 21

19 of 21

20 of 21

21 of 21

485 E Washington Blvd
Pasadena, CA 91104 Normandie Heights

$5,195,000 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 5.02 %
Zoning RM32, Pasadena

41 Transit Score

67 Walk Score

                
                    Highlights
                
                                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

Financial Summary (Actual)

Net Operating Income: $250,453 USD (2024)

Cap Rate:	5.02 %
Total Expenses:	$180,274 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