Pasadena (NE) (646) Homes with Apartment Subtype

Pasadena (NE) (646) Homes with Apartment Subtype

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Newest Pasadena (NE) (646) Homes with Apartment Subtype

$3,100,000
WS26091595 MLS Active Status
The Washington Courtyard Apartments present a well-maintained, 9-unit garden-style property comprised of a two-story building constructed in 1961, featuring a pitched composition shingle roof and slab foundation. The property offers both gated entry and parking, with a total of nine spaces including eight detached carports and one tuck-under space. Situated on a 15,442 SF lot, the property encompasses approximately 8,406 SF with a unit mix of five 2-bedroom/1-bath units, three townhouse-style 2-bedroom/1.5-bath units, and one 3-bedroom/1-bath unit (originally a 2-bedroom unit converted without permits). The property has benefited from extensive capital improvements, including copper re-piping of all units in 2020 and comprehensive sewer line upgrades with Perma-Liner technology. Interior upgrades across units include vinyl flooring, stone kitchen countertops, updated appliances, recessed lighting, modern fixtures, ceiling fans, and select mirrored closet doors, with units 3, 6, and 8 featuring fully renovated kitchens with new cabinetry. Additional improvements include the replacement of 56% of windows and 60% of sliding doors with vinyl in 2021, upgraded electrical sub-panels and main panels, and recently installed tankless water heaters (2026). Residents benefit from individually metered gas and electricity, central heating in all units, and a mix of wall A/C units and mini-splits, with one unit featuring full central HVAC. The property also includes an on-site laundry facility with owned machines. Exterior upgrades include a replaced second-floor walkway decking and railing baseplates (2018), as well as a newly replaced carport roof (2025). The main building roof, approximately 20 years old, has been consistently maintained. The property is subject to Pasadena’s Measure H rent control ordinance and has completed its SB 721 inspection, with only minor maintenance recommended, which will be completed by the seller—making this a turnkey investment opportunity with strong in-place improvements and long-term upside potential.

518 E Washington, Pasadena

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