1253 East Washington Boulevard
Closed 8/20/24
Closed 8/20/24
Description
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 • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717
Property Details for 1253 East Washington Boulevard
Property Details for 1253 East Washington Boulevard
| Status | Closed |
|---|---|
| MLS # | CV23167957 |
| Days on Market | 207 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1952 |
| County | Los Angeles County |
Building Information for 1253 East Washington Boulevard
Property Information for 1253 East Washington Boulevard
- Gross Income: $114,780
- Gross Scheduled Income: $114,780
- Vacancy Allowance: 3443
- Gross Operating Income: $111,337
- Net Operating Income: $67,672
- Gross Multiplier: 15.68
- Cap Rate: 3.76
- Financing: Cash To New Loan
- Operating Expense: $43,664
- New Taxes Expense: $21,390
- Electric Expense: $310
- Insurance Expense: $3,500
- Maintenance Expense: $6,680
- Professional Management Expense: $5,684
- Other Expense: $1,400
- Other Expense Description: Reserves
- Trash Expense: $2,282
- Water Sewer Expense: $1,813
- Supplies Expense: $605
- Total Expenses: $45,844
- Tax Tract Number: 1515
- Tax Census Tract: 4614.00
- CFD/Mello-Roos Fee: $1,775
- Tax Lot: 47
- Community Features: Curbs, Sidewalks
- Laundry: No
- Laundry Features: None
- Cooling: Wall/Window Unit(s)
- Heating Type: Wall
- Heating: Wall Furnace
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 6-10 Units/Acre
- Number Of Units: 7
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 7
- Parking: Yes
- Parking Garage: Garage
- Parking Garage Spaces: 7
- Carport Spaces: 0
- Parking Features: Garage
- Unit Type Units Total: 6
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 6
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,353
- Unit Type Total Rent: $8,115
- Unit Type Pro Forma: 1967
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,450
- Unit Type Total Rent: $1,450
- Unit Type Pro Forma: 2600
- Unit Type Type: 2
- Number Of Units Leased: 7
- Rent Controlled: Yes
- Number Of Buildings: 5
- Number Of Separate Electric Meters: 7
- Number Of Separate Gas Meters: 7
- Number Of Separate Water Meters: 1
Property History for 1253 East Washington Boulevard
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1253 East Washington Boulevard
Schools near 1253 East Washington Boulevard
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Longfellow (Henry W.) Elementary School PublicK to 5 | ||
Charles W. Eliot Middle School Public6 to 8 | ||
Pasadena High School Public9 to 12 | ||
Marshall Fundamental School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.