Pasadena, CA 91104 1253 E Washington Boulevard

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Presented By: ERIC CHEN with CB RICHARD ELLIS; 626-757-5717
  • MLS# CV23167957
  • 09/07/2023
  • Request Tour
  • Request Info
  • BedBeds • 8
  • BathBaths • 2
  • FootageSQFT • 5,578
  • GarageGarage • 7

Home Details

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.
Presented By: ERIC CHEN with CB RICHARD ELLIS; 626-757-5717

Interior Features for 1253 E Washington Boulevard

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixBoulevard
Total Stories2

Other Rooms

Entry Level1

General for 1253 E Washington Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.76
Carport Y/NNo
CityPasadena
Community FeaturesCurbs, Sidewalks
CoolingWallWindowUnits
CountyLos Angeles
Days on Market86
DirectionsTake I-210W, Exit Allen Ave, Turn Right on N Chester Ave
Electric Expense310.0
Entry Location1
Garage Spaces7.0
Garage Y/NYes
Gross Income114780.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet15921.0
MLS Area645 - Pasadena (NW)
MaintenanceExpense6680.0
MobileHomeRemainsYNNo
Net Operating Income67672.0
New ConstructionNo
Number of Units Leased7
Operating Expense43664.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameWashington
Tax Lot47
Taxes$21,390
Total Actual Rent114780.0
Total Units7
Trash Expense2282.0
View Y/NNo
Water Sewer Expense1813.0
Waterfront Y/NNo
Year Built1952
Year Built SourceAssessor
ZoningPSR3

Exterior for 1253 E Washington Boulevard

Building Area Total5578.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.3655
Lot Size Area15921.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings5
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarage
SpaNo
Total Parking7.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,800,000
MLS#CV23167957
List Date 09/07/2023
Property Type Multi-Family
Phone 714.964.3311
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