$1,950,000
2301 Pasadena AV
Los Angeles, CA, 90031
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 Details
Price:
$1,950,000
MLS #:
SR26162858
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
677lincolnhts
Listed Date:
Jul 26, 2026
Total Sq Ft:
6,348
Lot Size:
5,762 sqft / 0.13 acres (approx)
Year Built:
1962
Schools
Interior
Laundry Features
CM
Exterior
Financial
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Courtesy of Altman Apartments LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 2301 Pasadena AV
Los Angeles, CA
