OVER 6% CAP RATE AND 10.93 GRM ON CURRENT RENTS! Great investment offering at under $250k per unit on almost 1 acre of land. A Buyer could be looking at over a 6% CASH ON CASH RETURN with this property even with today's interest rates. Cash cow opportunity in super strong rental location with bulletproof buildings on a large lot with BIG UPSIDE! Possibilities for ADU and great rent growth make this one of the best opportunities in Pasadena right now. With mostly single-story floor plans offering a unit mix of One 3Bed+2bath, Three 2Bed+2bath and 16 spacious 1Bed+1bath units. Each unit is equipped with wall-mounted air conditioning and heating, a mix of tile and carpet flooring, and expansive kitchens with gas oven/stove combinations. The property is well-maintained, showcasing an open grass courtyard, an on-site laundry facility that yields a steady flow of income with open and carport parking.
Property Details
Property Features
Property Information:
Year Built: 1948
Stories: 1
Living Area: 13,859 SqFt
Listing Office:
Office Name: Realty Investment Advisors, Inc.
Listing Agent: Alexander Metaxas
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 25
Exterior Features
Parking Information:
Parking: Carport, Uncovered
Lot Features
Lot Information:
Lot Size: 0.88 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: North on Los Robles Ave, East on Washington Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $4,998,000
Price Per SqFt: $361/SqFt
Tax Information:
Annual Amount: $16,366
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Pasadena, CA.
This property is $3.7M more than the Median Sold Price and $406/SqFt less than other homes in Pasadena, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24456721
Listing Office:
Office Name: Realty Investment Advisors, Inc.
Listing Agent: Alexander Metaxas
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 1:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 19, 1999
Jul 19, 1999Home Sold
$72,500
Mar 08, 1988
Mar 08, 1988Home Sold
$765,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$16,366
$1,095,335
2020
$15,852
$1,082,126
2019
$15,627
$1,060,909
2018
$15,432
$1,040,108
2017
$15,432
$1,019,715
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$25K
Per Month
Principal & Interest
$24.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$15K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Washington Elementary School
1520 N Raymond Ave
Distance between this listing and this school0.49 miles
Public District Grades PK-5
6
/10
Longfellow Elementary School
1065 E Washington Blvd
Distance between this listing and this school0.66 miles
Public District Grades PK-5
4
/10
Madison Elementary School
515 E Ashtabula St
Distance between this listing and this school0.71 miles
Public District Grades PK-5
Nearby Schools
4
/10
Washington STEAM Multilingual Academy
1505 N Marengo Ave
Distance between this listing and this school0.41 miles
Public District Grades 6-8
4
/10
Charles W. Eliot Arts Magnet Academy
2184 Lake Ave
Distance between this listing and this school1.11 miles
Public District Grades 6-8
8
/10
Ocs - South
524 Palisade St
Distance between this listing and this school1.21 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
John Muir High School
1905 Lincoln Ave
Distance between this listing and this school1.28 miles
Public District Grades 9-12
6
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school1.65 miles
Public District Grades 6-12
2
/10
Rose City High (Continuation)
351 S Hudson Ave
Distance between this listing and this school2.07 miles
The neighbors living near this home have an average income of $55,452. Residents of Pasadena, CA typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 485 E Washington Blvd
What is the listing price of this property?
The listing price of 485 E Washington Blvd property is $4,998,000.
What type of property is this?
The property 485 E Washington Blvd is a house located in Pasadena, California, 91104.
Is this property for sale now?
Active Listing: 485 E Washington Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $16,366 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 19, 1999 for $72,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 485 E Washington Blvd has 25 bedrooms and 24 bathrooms.
What is the square footage of this property?
The property 485 E Washington Blvd is 13,859 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 485 E Washington Blvd is 1948.
Interested in 485 E Washington Blvd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 485 E Washington Blvd in Pasadena, CA and zip code 91104 in the The Verdugos neighborhood. This 13,859 square foot home, which was built in 1948, sits on a 0.88 acre lot. Features: 25 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $4,998,000.
In November 2024 more than 43 listings in Pasadena, CA were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 21 were sold below. The number of listings in Pasadena, CA decreased by 9.9% between October 2024 and November 2024. While the average time on the market in November 2024 was 32 days, the median list price was $1,212,217.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Major League Soccer (MLS)
Major League Soccer (MLS)
Pro Boxing
Music Concerts
Banana Republic
IKEA
H&M
Jack In The Box
Quiznos
Chipotle
Toyota
Lexus
Volkswagen
Jazz
Soft Adult Contemporary