2301 Pasadena Avenue Los Angeles, CA ^$ 1,795,000

2301 Pasadena Avenue

^$ 1,795,000

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2301 Pasadena Avenue

Los Angeles, CA, 90031

^$ 1,795,000

Bedrooms-- Baths-- Sq 6,348

Monthly Estimate*

^$ 12,398

Listed by Logan Altman, Altman Apartments LLC, logan@altmanapartments.com

2301 Pasadena Avenue, Los Angeles, CA 90031 - Image 1

2301 Pasadena Avenue, Los Angeles, CA 90031 - Image 2

2301 Pasadena Avenue, Los Angeles, CA 90031 - Image 3

2301 Pasadena Avenue, Los Angeles, CA 90031 - Image 4

2301 Pasadena Avenue, Los Angeles, CA 90031 - Image 5

2301 Pasadena Avenue, Los Angeles, CA 90031 - Image 6

2301 Pasadena Avenue, Los Angeles, CA 90031 - Image 7

2301 Pasadena Avenue, Los Angeles, CA 90031 - Image 8

2301 Pasadena Avenue, Los Angeles, CA 90031 - Image 9

2301 Pasadena Avenue, Los Angeles, CA 90031 - Image 10

Commercial Property for sale in Los Angeles, CA

for $1,795,000. This 6,348 square foot building was built in 1962 on a lot size of 0.1323.

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.

Commercial Active

Price

^$ 1,795,000

Property Type

Commercial

Taxes

^$ 22,438

Style

Lot Size

0.1323

Year Built

1962

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR26162858

Days on Market

Features

General

Zoning LAC2

Year Built 1962

Property Subtype Multi Family

Current Use Multi-Family

Building Name Pads on Pasadena Avenue

County Los Angeles

Net Operating Income 176230

Operating Expense 128738

Insurance Expense 6554

Property Type Commercial Sale

MaintenanceExpense 8935

Special Listing Conditions Standard

Status Active

Directions In Lincoln Heights. From the 110 Freeway exit toward Lincoln Heights and Pasadena Avenue; property is at 2301 Pasadena Avenue near Cypress Avenue.

City Los Angeles

Number Of Units Total 22

MLS Area 677 - Lincoln Hts

Lot Size Units Square Feet

Lot Size Square Feet 5762

Listing Terms Cash Conventional

Land Lease Y/N false

Tax Annual Amount 22438

Electric Expense 6967

Trash Expense 3809

Water Sewer Expense 4583

Additional Parcels Y/N false

Lease Considered Y/N false

Building Area Units Square Feet

Standard Status Active

Occupancy Type Tenant

Year Built Source Estimated

Property Sub Type Additional Multi Family

Cap Rate 9.82

Interior

Total Stories 2

Laundry Features Common Area

Entry Level 1

Exterior

Lot Features Near Public Transit

Water Source Public

Lot Size Area 5762

Number of Buildings 1

Building Area Total 6348

Lot Size Acres 0.1323

Lot Size Source Assessor

* Excluded Features

List By

Logan Altman

Listing Agent

Altman Apartments Llc

Broker

logan@altmanapartments.com

Affordability Calculator

$14,267

Per Month

Monthly Principal & Interest: $12,398
Monthly Property Taxes: $1,870
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,583,024

Percent of Sale Price 44%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/20/2026	$1,795,000	-5.48%	Price Down
8/20/2026	$1,899,000	-2.62%	Price Down
7/26/2026	$1,950,000		Listed Price

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2301 Pasadena Avenue, Los Angeles, CA, 90031 is a Commercial Property for sale at $1,795,000 with 6,348 sqft and a lot size of 0.1323. 2301 Pasadena Avenue was built in 1962. The property's zip code is 90031 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 10/19/2026. 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, 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.

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2301 Pasadena Avenue

Commercial Property for sale in Los Angeles, CA

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