2301 Pasadena Avenue, Los Angeles, CA 90031
List Price: $1.9M
Listing Status: Active
Original List Price: $1.95M
0Days on Market: 24
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1962
Lot Size: 5,762 sq ft
MLS Number: SR26162858
About This Property
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.
Listing provided by: Logan Altman DRE #01965826 310-903-0222 logan@altmanapartments.com, Altman Apartments LLC
Source: CRMLS, MLS #: SR26162858
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.