2301 Pasadena Ave
los angeles, CA 900311 899 000 $US
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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 $1,899,000 against a 9.28% stabilized pro forma cap (GRM 6.04). 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.
Détails
6,348 Sq Ft
5,762 Sq Ft Taille du lot
commercial
Intégré 1962
MLS/Identifiant de l'annonce SR26162858
Pads on Pasadena Avenue
22 Unités
Commodités et caractéristiques
Zone commune
Lot - Near Public Transit
Public Water
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- PRINCIPAL ET INTÉRÊTS
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Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. 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.