Listing provided courtesy of Logan Altman of Altman Apartments LLC. Last updated 2026-07-30 08:34:17.000000. Listing information © 2026 Sandicor.
Asking Price: $1,950,000 |
2301 Pasadena, Los Angeles CA 90031
Community: 677 - Lincoln Hts
This Multi Family property was built in 1962 and is priced at $1,950,000. Please see the additional details below.
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.
