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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,100,000

Est. payment - /mo

0.35 Acres Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26091595

HOA Y/N No

Year Built 1961

Lot Size 0.354 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Interior

Heating Central

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Gutter(s)

View Y/N No

View None

Roof Type Composition,Shingle

Private Pool No

Building

Lot Description Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5730001021

Energy Description 2052.0

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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Listed by KEVIN LUTZ Keller Williams Realty/Pasadena 626-429-0685, DRE #00925595

NEARBY SCHOOL & BUSINESS

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518 E Washington Pasadena, CA 91104