827 E Washington

    Pasadena, CA 91104
    • $2,550,000
    • STATUS: Active
    • ON SITE: 154 days
    • ID#: 19513190
    UPDATED: 50 min ago
    $2,550,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    We are proud to present 8-units (plus 1-non-conforming studio) located at 827 E Washington Boulevard in Pasadena, California. The property is comprised of four separate bungalow-style buildings with an excellent unit mix of 7- 1 bedroom/1 bathroom, 1- 2 bedroom/1 bathroom and 1- non-conforming studio units. The offering is situated on a large 16,469 square foot lot with 4,410 square feet of gross rentable area and has been extensively remodeled throughout in 2018. With the recent drop in interest rates, an investor can acquire rates as low as 3.85% with a down payment of only 30% ($795,000), which will yield a total return of nearly 9%.Some renovations include: new landscaping, new sprinkler system, new asphalt driveway, new fencing, dual pane windows throughout, high-end stainless steel appliances, new flooring, new cabinets, new doors, fresh paint, new roof, new garage doors, new LED lighting, etc.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-22T22:28:26.02. 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 or Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/99195868

    827 E Washington Pasadena, CA 91104

    • Price: $2,550,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 19513190
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    1941
    Built
    County:
    Los Angeles
    Property Description
    We are proud to present 8-units (plus 1-non-conforming studio) located at 827 E Washington Boulevard in Pasadena, California. The property is comprised of four separate bungalow-style buildings with an excellent unit mix of 7- 1 bedroom/1 bathroom, 1- 2 bedroom/1 bathroom and 1- non-conforming studio units. The offering is situated on a large 16,469 square foot lot with 4,410 square feet of gross rentable area and has been extensively remodeled throughout in 2018. With the recent drop in interest rates, an investor can acquire rates as low as 3.85% with a down payment of only 30% ($795,000), which will yield a total return of nearly 9%.Some renovations include: new landscaping, new sprinkler system, new asphalt driveway, new fencing, dual pane windows throughout, high-end stainless steel appliances, new flooring, new cabinets, new doors, fresh paint, new roof, new garage doors, new LED lighting, etc.
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Gross Income 194847.00 Gross Multiplier 12.72 Gross Operating Income 185100.00 Net Operating Income 141845.00 Senior Community YN No Special Listing Conditions Standard Zoning Psc-

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-22T22:28:26.02. 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 or Allison James Estates and Homes. Licensed in the State of California, USA.

     
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    Temecula CA, 92592