Let's Find Your Perfect Home...

Save
Ask
Tour
Hide
Share
$3,250,000
22 Days Online

285 E Del Mar Boulevard
Pasadena, CA 91101

For Sale|Multi-Family|Pending
County:
Los Angeles
Listed by Alexander Metaxas of Realty Investment Advisors, Inc. ?
Call Now: (626)807-5621
Is this the home for you? We can help make it yours.
(626)807-5621
285 E Del Mar Boulevard285 E Del Mar Boulevard285 E Del Mar Boulevard285 E Del Mar Boulevard
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$14,828
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

FIRST TIME ON THE MARKET IN OVER 20 YEARS! An opportunity to acquire a turn-key, 7 unit property with a 4.70% Cap on EXISTING RENTS in one of the most sought after parts of Pasadena. The meticulously maintained building shows no signs of deferred maintenance and boasts as a WALKER'S PARADISE with its prime location. It offers an array of desirable features such as full copper plumbing, a pitched roof that was recently replaced and updated windows to name a few. There are Two 2 Bed +1.5 bath townhouse style units, Four 2 Bed + 1 bath units and One 1 Bed + 1 bath unit and ALL have washers and dryers inside. The two-story units are about ~900 SF, the 2Bed units are about ~850-875 SF and the 1Bed is over 600 SF, making these units generous in space and rental desirability. Almost all of them have been remodeled to include newer cabinets in kitchens and hallways, Quartz countertops, Vinyl plank flooring and updated appliances including dishwashers. These apartments have a history of quickly renting, further adding to the stability of this investment. Offering on-site, gated parking for 8 cars with a secured entrance helps limit property access only to tenants. The former laundry room can be utilized to potentially increase rental income as a value-add opportunity for the next owner. The units are separately metered for electricity and gas and each with their own water heater. Properties in this condition and this part of the city rarely come up for sale, so don't miss out on buying this prime piece of real estate. PLEASE DO NOT DISTURB THE TENANTS.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$3,250,000
Days Online 
22 Days
Bedrooms 
13
Inside Area (SqFt) 
6,048 sqft
Total Baths 
9
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1959 Acres
Year Built 
1964
MLS® Number 
24371155
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
13 hours agoListing updated with changes from the MLS®
13 hours agoStatus changed to Pending
3 weeks agoListing first seen online
General Features
Parking 
Gated
Parking Spaces 
8
Number of Stories 
2
Acreage 
0.1959
Security 
Gated Community
Zoning 
PSR4
Listing Conditions 
Standard
Interior Features
Heating 
Wall Furnace
Laundry Features 
Inside
Save
Ask
Tour
Hide
Share
Community Features
Community Features 
Gated
Senior Community 
No
MLS Area 
648 - Pasadena (SE)
Security Features 
Gated Community


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Save
Ask
Tour
Hide
Share

Compare listings

Compare