485 E Washington Boulevard, Pasadena, CA 91104

Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
485 E Washington Boulevard,Pasadena, CA 91104
$4,850,000
  • 25 Beds
  • 24 Baths
  • 13,859 sq. ft.
  • Multi-family
  • Active
Listed by: alexander metaxas, benjamin j. hsiang
Office: realty investment advisors, inc.
MLS#:24456721
Source:CRMLS

Price summary

  • Price:$4,850,000
  • Price per sq. ft.:$349.95

About this home

***SELLER WANTS TO SEE ALL OFFERS***ONE OF THE BEST CAP RATES IN PASADENA RIGHT NOW*** OVER 6% CASH ON CASH RETURN with solid rent growth as units turn over and become vacant. Over all this is a fantastic bread-n-butter apartment investment on almost ONE ACRE of land. Super strong rental location of Pasadena with low maintenance type buildings. Two single-story buildings offering a unit mix of One 3Bed+2bath, Three 2Bed+1bath and 16 spacious 1Bed+1bath units and NO SOFT-STORY. 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.

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1948
  • Listing ID #:24456721
  • Added:386 day(s) ago
  • Updated:November 15, 2025 at 03:20 PM

Rooms and interior

  • Bedrooms:25
  • Total bathrooms:24
  • Living area:13,859 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1948
  • Building area:13,859 sq. ft.
  • Lot area:0.88 Acres

Finances and disclosures

  • Price:$4,850,000
  • Price per sq. ft.:$349.95
Based on information from California Regional Multiple Listing Service, Inc. as of November 15, 2025 . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

New listings near 485 E Washington Boulevard