1253 E Washington Blvd, Pasadena, CA 91104
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1253 E Washington Blvd Pasadena, CA 91104

$1,800,000
  • 8 Beds
  • 7 Baths
  • 5,578 Sq.Ft.
For Sale
$1,800,000 Get Pre-Qualified

Map preview of 1253 E Washington Blvd, Pasadena, CA 91104

Property Overview: 1253 E Washington Blvd Pasadena, CA has 8 bedrooms, 7 bathrooms, 5,578 living square feet and 15,921 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by ERIC CHEN | BRE #01489184 | CB RICHARD ELLIS
Last checked: 15 minutes ago | Last updated: February 28th, 2024 | Source CRMLS | DOM: 132
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Home details

Lot Sq. Ft
15,921
HOA Dues
$0/mo
Year built
1952
Garage
7 Car
Property Type:
Apartment
Status
Active
MLS#
CV23167957
City
Pasadena
County
Los Angeles
Time on Site
232 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 5
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,353
  • Total Rent: $8,115
  • Pro Forma/Market Rent: $1,967
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.76%
  • Gross Rent Multiplier: 15.68
  • Gross Scheduled Income: $114,780
  • Net Operating Income: $67,672
  • Gross Operating Income: $111,337
  • Vacancy Allowance: $3,443
Annual Expense Breakdown
  • Total Operating Expense: $43,664
  • Electric: $310
  • New Taxes: $21,390
  • Trash: $2,282
  • Insurance: $3,500
  • Maintenance: $6,680
  • Professional Management: $5,684
  • Water/Sewer: $1,813
  • Other Expenses: $1,400
  • Other Expense Description: Reserves

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Property Details for 1253 E Washington Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 5849008007
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Take I-210W, Exit Allen Ave, Turn Right on N Chester Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Pasadena Agent

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Sale History for 1253 E Washington Blvd

Last sold on August 5th, 1994
  • September, 2023

  • Sep 7, 2023

    Date

    Active

    CRMLS: CV23167957

    $2,000,000

    Price

  • August, 1994

  • Aug 5, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1253 E Washington Blvd

Assessed Value (2020): $164,162
Year Land Value Improved Value Assessed Value
2020 $31,799 $132,363 $164,162

Home Value Compared to the Market

This property vs the competition

1253 E Washington Blvd is listed 50.13% higher than the median list price for the city of Pasadena which has a median list price of $1,199,000. The median price per/sqft for Pasadena is $796 and this home is listed at $322.7 per/sqft which puts the price per square foot 59.46% lower than the median price per square foot for the city of Pasadena.

About 1253 E Washington Blvd

Detailed summary of property

1253 E Washington Blvd is a apartment located in Pasadena, CA 91104 and is currently for sale. This apartment offers 8 bedrooms, 7 bathrooms, roughly 5,578 living square feet, and sits on an approximately 15,921 square foot lot. 1253 E Washington Blvd was first listed on ArdentRealEstateGroup.com on September 8, 2023. The homeowner is currently asking $1,800,000 and was originally asking $2,000,000. The median priced home in Pasadena is $1,199,000 with a median price per square foot of $796. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 50.13% higher than the median priced home. Local competing homes currently for sale include 35 N Grand Oaks Ave, 53 S Roosevelt Ave and 6538 Meridian St. While the average home in Pasadena, CA is selling in 55 days, 1253 E Washington Blvd has a days on market of 132 days. There are currently 259 homes for sale in the Pasadena real estate market and 153 of them are single family homes while 83 of them are condos and 23 are townhomes. For more information on this home for sale at 1253 E Washington Blvd Pasadena, CA 91104 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1253 E Washington Blvd

Public county record property details
Beds
8
Baths
7
Year built
1952
Sq. Ft.
5,578
Lot Size
15,921
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
47
APN
5849-008-007

The source for these homes facts are from public records.

91104 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$867
Median Sold Price
$1,355,000
Median Sold Price/Sq.Ft.
$903
Total Inventory
22
Median Sale to List Price %
104.63%
Avg Days on Market
20
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (12.5%), Other (12.5%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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. 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, 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.