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Commercial Property — 2301 Pasadena Avenue, Los Angeles, CA

$1,950,000

2301 Pasadena Avenue, Los Angeles, CA

$1,950,000 — 2301 Pasadena Avenue, Los Angeles, CA — photo 1 $1,950,000 — 2301 Pasadena Avenue, Los Angeles, CA — photo 2 $1,950,000 — 2301 Pasadena Avenue, Los Angeles, CA — photo 3 $1,950,000 — 2301 Pasadena Avenue, Los Angeles, CA — photo 4 $1,950,000 — 2301 Pasadena Avenue, Los Angeles, CA — photo 5
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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 $1,950,000 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 details

Square feet
6,348
Year built
1962
Property type
CommercialSale

Location

2301 Pasadena Avenue • Los Angeles, CA 90031

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Listed by

Logan Altman · Altman Apartments LLC

Listing courtesy of Altman Apartments LLC. Information deemed reliable but not guaranteed.

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