827 E Washington Boulevard

    Pasadena, CA 91104
    • $2,849,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: PW19013372
    UPDATED: 19 min ago
    $2,849,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,410
      SQFT
    • $646
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    Coldwell Banker Commercial is proud to present 827-835 E Washington Blvd, an 8-unit (plus one nonconforming studio) apartment property located in the highly desirable city of Pasadena, CA. The property has been recently extensively upgraded and presents an opportunity for an investor to acquire a large lot, turn-key apartment property in one of the strongest sub-markets in San Gabriel Valley.The property is situated on an oversized lot of +-16,401 sqft. and consists of +-4,410 sq ft of living space that with 4 different buildings. Each building is a single-story bungalow style that consists of 2 units. The property was built in 1941 and have been heavily renovated. It offers an efficient unit mix of one (1) x 2bedroom+1bathroom, seven (7) x 1bedroom+1bathroom, and one (1) studio (non-conforming). Some of the exterior upgrades include: new landscaping complete with new sprinkler system, new asphalt driveway, new fencing for each building, new dual pane windows throughout, new entry door for each unit, new exterior paint, new roof for each building, new garage door, new LED outdoor lighting for each unit. Each unit is bright and has a private front-yard complete with new white fence with excellent layouts, upgraded with modern upgrades such as vinyl luxury wood flooring, quartz kitchen countertops, new white shaker kitchen cabinets, stainless steel appliances, mosaic floor tile bathroom, tiled wall bathroom and stacked laundry machines (except in studio unit).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T13:34:41.95. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/91003648

    827 E Washington Boulevard Pasadena, CA 91104

    • Price: $2,849,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: PW19013372
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    4,410
    SQFT
    $646
    $/SQFT
    1941
    Built
    Neighborhood:
    646 - Pasadena (NE)
    County:
    Los Angeles
    Area:
    646 - Pasadena (NE)
    Property Description
    Coldwell Banker Commercial is proud to present 827-835 E Washington Blvd, an 8-unit (plus one nonconforming studio) apartment property located in the highly desirable city of Pasadena, CA. The property has been recently extensively upgraded and presents an opportunity for an investor to acquire a large lot, turn-key apartment property in one of the strongest sub-markets in San Gabriel Valley.The property is situated on an oversized lot of +-16,401 sqft. and consists of +-4,410 sq ft of living space that with 4 different buildings. Each building is a single-story bungalow style that consists of 2 units. The property was built in 1941 and have been heavily renovated. It offers an efficient unit mix of one (1) x 2bedroom+1bathroom, seven (7) x 1bedroom+1bathroom, and one (1) studio (non-conforming). Some of the exterior upgrades include: new landscaping complete with new sprinkler system, new asphalt driveway, new fencing for each building, new dual pane windows throughout, new entry door for each unit, new exterior paint, new roof for each building, new garage door, new LED outdoor lighting for each unit. Each unit is bright and has a private front-yard complete with new white fence with excellent layouts, upgraded with modern upgrades such as vinyl luxury wood flooring, quartz kitchen countertops, new white shaker kitchen cabinets, stainless steel appliances, mosaic floor tile bathroom, tiled wall bathroom and stacked laundry machines (except in studio unit).
    Exterior Features

    Garage Spaces 6.00 Lot Features Front YardGardenPark NearbyYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 9.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Gas Dryer HookupInsideWasher Hookup Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.55 Community Features SidewalksStreet LightingUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 189297.00 Gross Multiplier 14.60 Gross Scheduled Income 194688.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 129630.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 59668.00 Other Income1 15000.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 59668.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Psc-

    Listing provided courtesy of George Bustamante of Coldwell Banker Commercial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T13:34:41.95. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024