485 E Washington Blvd Pasadena, CA 91104
Property details
About 485 E Washington Blvd
OVER 6% CAP RATE AND 10.93 GRM ON CURRENT RENTS! Great investment offering at under $250k per unit on almost 1 acre of land. A Buyer could be looking at over a 6% CASH ON CASH RETURN with this property even with today's interest rates. Cash cow opportunity in super strong rental location with bulletproof buildings on a large lot with BIG UPSIDE! Possibilities for ADU and great rent growth make this one of the best opportunities in Pasadena right now. With mostly single-story floor plans offering a unit mix of One 3Bed+2bath, Three 2Bed+2bath and 16 spacious 1Bed+1bath units. Each unit is equipped with wall-mounted air conditioning and heating, a mix of tile and carpet flooring, and expansive kitchens with gas oven/stove combinations. The property is well-maintained, showcasing an open grass courtyard, an on-site laundry facility that yields a steady flow of income with open and carport parking.
Highlights
Summary
- MLS Number: 24456721
- MLS Name: CRMLS
- Office Name: Realty Investment Advisors, Inc.
- Listing Agent: Alexander Metaxas
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/22/2025, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,998,000
485 E Washington Blvd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 19, 1999 | Home Sold | $72,500 |
| Mar 08, 1988 | Home Sold | $765,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $1,095,335 | $16,365 |
| 2020 | $1,082,126 | $15,852 |
| 2019 | $1,060,909 | $15,627 |
| 2018 | $1,040,108 | $15,431 |
| 2017 | $1,019,715 | $15,431 |
History based on county public records data.
Nearby schools
3
Washington Elementary School
Public District PK-5
0.5 mi
•1520 N Raymond Ave
6
Longfellow Elementary School
Public District PK-5
0.7 mi
•1065 E Washington Blvd
4
Madison Elementary School
Public District PK-5
0.7 mi
•515 E Ashtabula St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $55,452. The most common annual income of people living in Pasadena, CA is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Music Concerts
Where do the neighbors shop?
Banana Republic
IKEA
H&M
Where do the neighbors go to eat?
Jack In The Box
Quiznos
Chipotle
What do the neighbors drive?
Toyota
Lexus
Volkswagen
What do the neighbors listen to?
Jazz
Soft Adult Contemporary- Rhythmic Contemporary Hits
Frequently asked questions
About 485 E Washington Blvd
This home is located at 485 E Washington Blvd in Pasadena, CA and zip code 91104 in the The Verdugos neighborhood. This 13,859 square foot home, which was built in 1948, sits on a 0.88 acre lot. Features: 25 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $4,998,000.
In December 2024, from all listings sold in Pasadena, CA there were more than 27 sold above asking price, over 17 sold below and more than 12 were sold right at the asked price. The number of homes for sale in Pasadena, CA decreased by 12.5% between November and December 2024. The median list price of listings available in December 2024 was $1,216,222, while the average time on the real estate market was 39 days.