$3,100,000
518 E Washington, Pasadena CA 91104
Multi-Family (9 Units)
Property type
31 days
On market
$369
Price per sqft
0 cars
Garage
1961
Year built
15,442 sqft
Lot size
Home highlights
Open Houses
Overview
The Washington Courtyard Apartments present a well-maintained, 9-unit garden-style property comprised of a two-story building constructed in 1961, featuring a pitched composition shingle roof and slab foundation. The property offers both gated entry and parking, with a total of nine spaces including eight detached carports and one tuck-under space. Situated on a 15,442 SF lot,...
Listing provided by: KEVIN LUTZ DRE #00925595 626-204-3475, Keller Williams Realty/Pasadena, KEVIN HURLEY DRE #01237798 626-204-3456, Keller Williams Realty/Pasadena
Listing updated: May 5, 2026 at 11:18pm.
Last checked: Jun 5, 2026 at 03:30pm
Source: CRMLS #WS26091595
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 5 | 2 | 1 | — | $2,346 | $11,728 | $11,875 | Unfurnished |
| 3 | 2 | 2 | — | $2,591 | $7,774 | $8,085 | Unfurnished |
| 1 | 3 | 1 | — | $2,595 | $2,595 | $2,600 | Unfurnished |
# of Buildings: 1
# of Units Total: 9
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
11.4x
List Price / Annual Gross Rent
Cap Rate
6.08%
NOI / List Price
Gross Scheduled Income: $272,118
Vacancy Allowance: $8,164
Vacancy Allowance Rate: 3%
Operating Expense: $75,600
Net Operating Income: $188,354
Annual Operating Expenses
Electric: $898
Gardener: $2,040
Fuel: $2,052
Insurance: $5,164
Maintenance: $16,327
New Taxes: $34,739
Professional Management: $0
Trash: $4,443
Water / Sewer: $2,898
Other Expense: $7,039
Interior
Cooling: Wall Window Units
Heating: Central
Laundry: Common Area
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Composition, Shingle
Common Walls: Two Common Walls Or More
Lot Features: Level
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
View: None
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5730001021
Additional Parcels: No
Tax Lot: 12
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Gutters
Nearby Schools
Nearby schools around the 518 E Washington, Pasadena, CA 91104. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,480,000
Total Interest
$3,163,103
Total Payment
$5,643,103
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$19,054
per month
Property History for 518 E Washington
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91104.
Similar Homes
Listings with similar prices to 518 E Washington