6,348 sqft

$1,795,000

2301 Pasadena Avenue, Los Angeles CA, 90031

Price per sqft$282.77

Built in1962

Property size6,348 sqft

Property typeCommercial

Listed by Logan Altman CA DRE# 01965826 with Altman Apartments LLC 310-903-0222

Overview

Active

Listed Jul 26, 2026

Updated 2 weeks ago

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 $1,795,000 against a 9.82% stabilized pro forma cap (GRM 5.87). 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.

Additional information

MLS^® ID: SR26162858

Interior Features

Basement: No

Exterior Features

Lot Size: 0.13 Acres

Other Property Details

Taxes: $22,438
Tax Frequency: Annually
Maintenance Expense: $8,935

Listed by Logan Altman CA DRE# 01965826 with Altman Apartments LLC 310-903-0222

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/20/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/20/2026 at 8:25 PM UTC Last Checked: 8:25 PM UTC