2301 Pasadena Avenue, Los Angeles, CA 90031
- $1,950,000
List Agent Logan Altman () Altman Apartments LLC; CoList ()
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- SR26162858
- Year Built
- 1962
- Lot Size
- 5,762
- Lot Location
- Near Public Transit
- Days on Market
- 3
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
Pads on Pasadena Avenue - a 22-unit boutique repositioning opportunity in Lincoln Heights / NELA, minutes to DTLA, LAC+USC Medical Center and the Metro L Line. Operated under a valid LAHD RSO certificate; rooms feature private kitchenettes with on-site shared laundry. Priced at $1,950,000 against a 9.00% stabilized pro forma cap (GRM 6.20). The asset is currently in lease-up, offering a rare value-add basis with fully entitled plans to add a private bath to every room and create private-bath studios. Dual-use flexibility as a boutique hostel or RSO apartments, with strong 2028 Olympics-driven demand. Financials shown reflect stabilized underwriting; current occupancy is in repositioning. Buyer to verify all figures, entitlements, unit legality and square footage.
Additional Information
- Water
- Public
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Based on information from CRISNet MLS as of . 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. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.