MLS#SR26162858
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
Altman Apartments LLC
Agency Phone: 310-903-0222
Associate Name: Logan Altman
Listing Shown by:
Watson Realty - Central California Escrow
Agency Phone: (661) 716-5000
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.
Property Features
Property Type: Commercial - Business
Lot Size: 0.13 Acres
Stories: 2.0
Year Built: 1962
Feature Descriptions
Days on Site: 6
Laundry: Common Area
Lot: Near Public Transit
Parcel#: 5205023004
Units: 22
Water: Public
Listed By / Shown By
Listed By
Agency Name: Altman Apartments LLC
Agent Name: Logan Altman
Agency Phone: 310-903-0222
Shown By
Agency Title: Watson Realty - Central California Escrow
Agency Phone: (661) 716-5000
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2301 Pasadena Avenue | MLS# SR26162858
This commercial property located at 2301 Pasadena Avenue, Los Angeles, CA 90031 is currently listed for sale with an asking price of $1,950,000. Search Los Angeles real estate on www.cce-escrow.com today.