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

Overview

Active

Listed Jul 26, 2026

Updated 3 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, Altman Apartments LLC, CA DRE 01965826

Listing Contact: 310-903-0222

Based on information from the CRISNet MLS as of 9/20/2026, 8:26 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.