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Berkshire Hathaway HomeServices California Properties

2301 Pasadena Avenue, Los Angeles, CA 90031

$1,950,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Logan Altman | logan@altmanapartments.com
Lic#: 01965826
Broker: Courtesy of Altman Apartments LLC
Phone: 310-903-0222

Listing Details

Property type: Multi Family (Commercial)

Property Sub-Type:

Status: Active

Listing ID: SR26162858

Price: $1,950,000

Rental Rate: $1,950,000

Lot Size:

Beds: 0

Baths: 0

Built in 1962

0.13 acres

County: Los Angeles

Zoning: LAC2

Lot description: Near Public Transit

Last Updated: 7/26/2026

Days On Market (DOM): 11

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Lat/Long: 34.076000, -118.217651.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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Property Details

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.

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