34.16875 -118.14513

278 E Washington Boulevard Pasadena, CA 91104

261684791 34.16875 -118.14513 124 /listing/261684791-150201580/278-e-washington-boulevard-pasadena-ca-91104 False 0 9000000.0 105 AR20021426 False
  • $9,000,000
  • 25,460 lot
  • Est payment $48313.95/mo

Property & Neighborhood Info

Courtesy Of Handoko Chen, GIG Real Estate Inc.

Multi-Family in Pasadena

GARFIELD WASHINGTON, a 24-unit garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. This offering provides a rare opportunity for investors to acquire a very well maintained and upgraded apartment community in a mature market. The property is an attractive two-story garden style community with that was built in 1964 with ±19,002 SF building size and situated on a ±25,460 SF lot size. It has excellent curb appeal with complete refaced exterior (new paint, new signage, new wood paneled entrance cover) and completely redone landscaping. The lot is L shaped and unique as provides good frontage on Washington Blvd, and side entrance on Garfield Ave. It offers a superb unit mix of twenty-four (24) 2bed+1bath units. The building has secured entrance with gated parking and security camera system installed. Each unit is spacious with functional layout and has been completely upgraded with recessed lighting, luxury wood plank flooring, new kitchen (cabinets and countertops), stainless steel appliances, new bathroom (new tub, new vanity cabinets, new lighting fixtures), in-unit washer and dryer, LED lighting, mirrored closet doors, and much more. Some units have private small patio/balcony with modern wood railings. Some of the windows have been upgraded to double pane windows.Between 2018-2019 ownership spent significant amount of time and effort in relocating previous tenants and then upgrading the building and the units.

Courtesy Of Handoko Chen, GIG Real Estate Inc.
  1. 25,460 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1964
  • Floors: 2
  • County: Los Angeles County
  • Units: 24
  • MLS Number:AR20021426

Additional Features

  • Cooling:
    • Wall/Window Unit(s)
  • Laundry:
    • Community
    • Dryer Included
    • Gas Dryer Hookup
    • Inside
    • Washer Hookup
    • Washer Included
  • Fireplace:
    • Living Room
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Two
  • Property Subtype:
    • Apartment
  • View:
    • Mountain(s)
    • Neighborhood
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 31-35 Units/Acre
    • Lot 20000-39999 Sqft
  • Pool Features:
    • None
  • Carport Spaces:
    • 24.00
  • Parking:
    • Assigned
  • Parking Spaces:
    • 24.00
  • Heating:
    • Wall Furnace
  • Sewer:
    • Public Sewer
  • Utilities:
    • Cable Connected
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Security Features:
    • Automatic Gate
    • Carbon Monoxide Detector(s)
    • Closed Circuit Camera(s)
    • Fire and Smoke Detection System
    • Gated Community
    • Resident Manager
    • Security Lights
    • Smoke Detector(s)
  • Community Features:
    • Urban
    • Valley
  • Number of Buildings:
    • 3
  • Gross Income:
    • 587340.00
  • Net Operating Income:
    • 383812.00
  • CDOM:
    • 61
  • Assessments:
    • Buyer to Verify
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Fuel Exp:
    • 6288.00
  • Gross Operating Income:
    • 569720.00
  • Insurance Expense:
    • 7601.00
  • Listing Key:
    • 363965631
  • Lot Size Acres:
    • 0.5845
  • Lot Size Square Feet:
    • 25460.00
  • Maintenance Exp:
    • 14400.00
  • Operating Expense:
    • 185908.00
  • Price Per SQFT:
    • 473.63
  • Price Per Unit:
    • 375000
  • Tax ID:
    • 5729025022
  • Total Expenses:
    • 185908.00
Neighborhood info courtesy of Homes.com © 2020

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$38,769.95*
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Gail McClendon
Gail McClendon
Realtor Specialist
27802 Vista Del Lago, E2 Mission Viejo CA 92692
34.16875 -118.14513

278 E Washington Boulevard Pasadena, CA 91104

261684791 34.16875 -118.14513 124 /listing/261684791-150201580/278-e-washington-boulevard-pasadena-ca-91104 False 0 9000000.0 105 AR20021426 False
  • $9,000,000
  • 25,460 lot
  • Est payment $48313.95/mo