1253 E Washington Boulevard Pasadena, CA $ 1,800,000
1253 E Washington Boulevard
$ 1,800,000
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1253 E Washington Boulevard

Pasadena, CA, 91104
$ 1,800,000
Bedrooms8 Baths2.0 Sq 5,578

Monthly Estimate*

$ 12,574

Listed by CB RICHARD ELLIS
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1253 E Washington Boulevard, Pasadena, CA 91104 - Image 17

Multi-Family Home for sale in Pasadena, CA

for $1,800,000 with 8 bedrooms and 2 full baths. This 5,578 square foot home was built in 1952 on a lot size of 0.3655.

1253 E. Washington Boulevard is situated on the corner of E. Washington Boulevard and N. Chester Avenue, between N. Lake Avenue and N. Hill Avenue, just a few blocks North of the 210 Freeway. The property is a short distance to grocery stores, restaurants, parks, and schools. The property is also within minutes to essential frequented city locations— Shops on Lake Avenue, The Paseo, Oldtown Pasadena, Pasadena City College, California Institute of Technology, Jet Propulsion Laboratory, Art Center College of Design and Eaton Canyon Nature Center. The city of Pasadena is ideally located within Southern California and offers easy and convenient access to all of Los Angeles County, Ventura County, San Bernardino County and beyond through the 210, 134, 110, 2 and 5 freeways as well as the Allen Gold Line Metro Rail station. Significant local landmarks within a 20-mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, Crypto. com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. 1253 E. Washington Boulevard is a charming property situated on a large lot of approximately ±15,921 square feet. The majority of the units consist of spacious cottage-style floorplans and all units are comprised of wall air conditioning and heating, carpet flooring, vertical blinds, have private porches, patios and/or balconies, and spacious kitchens with gas oven/stove combinations. The property features an open grass courtyard, mature landscaping, garage and surface parking with ample street parking. 1253 E. Washington Boulevard is a prime Pasadena income-producing property and a great value-add opportunity for a short or long-term investment. The property is in a highly desirable centrally located neighborhood and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

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Multi-Family Active

Price

$ 1,800,000

Bedrooms

8

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.3655

Year Built

1952

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

CV23167957

Days on Market

247

Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Zoning PSR3
Garage Spaces 7.0
Pool Features None
Year Built 1952
Property SubType Apartment
Gross Income 114780.0
Community Features Curbs Sidewalks
County Los Angeles
Net Operating Income 67672.0
Operating Expense 43664.0
Insurance Expense 3500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status ActiveUnderContract
Directions Take I-210W Exit Allen Ave Turn Right on N Chester Ave
City Pasadena
Entry Location 1
View Y/N N
Senior Community Y/N N
Total Units 7
MLS Area 645 - Pasadena (NW)
Lot Size Square Feet 15921.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 7
Street Name Washington
Listing Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 310.0
Home Warranty Y/N N
Trash Expense 2282.0
Water Sewer Expense 1813.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 155
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Year Built Source Assessor
Tax Lot 47
Total Actual Rent 114780.0
Property Sub Type Additional Apartment
Taxes 21390.0
Cap Rate 3.76
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Exterior
Parking Features Garage
Lot Features Item610UnitsAcre
Water Source Public
Total Parking 7.0
Lot Size Area 15921.0
Number of Buildings 5
Spa N
Building Area Total 5578.0
Lot Size Acres 0.3655
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Boulevard
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 1253
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* Excluded Features
List By
Cb Richard Ellis

Broker

(909) 418-2071

Phone

Affordability Calculator

$12,574
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,574
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/13/2023$1,800,000 -10.00% Price Down
9/8/2023$2,000,000 Listed Price

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1253 E Washington Boulevard, Pasadena, CA, 91104 is a Multi-Family Home for sale at $1,800,000 with 5,578 sqft and a lot size of 0.3655. 1253 E Washington Boulevard has 8 bedrooms, 2.0 baths, and was built in 1952. The property's zip code is 91104 which is in Pasadena, CA