1615 E Washington Blvd
Pasadena, CA 91104
East Central- 5,620 sqft
5,620 sqft
Local Information
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Description
We are pleased to present an attractive mixed-use investment opportunity located at 1615 E Washington Blvd in Pasadena. The property is comprised of a ground floor retail space along with a large residential unit and a studio on the second floor. The 5,620 SF property is situated on a 4,996 SF lot zoned Commercial Limited (CL). The zoning allows a variety of uses including office, retail, and residential. There is a two car garage along with a small open parking lot behind the property with alley access. The property is 100% occupied and has been well maintained with recent improvements. The spacious 2,135 SF residential unit features two bedrooms, two bathrooms, a large den/dining area along with a bonus room and wrap around patio. The studio is currently leased month to month as office space. The ground floor retail space is leased to Isis Bistro Lounge on a modified gross lease expiring in October 2017.This is a great investment opportunity providing a new owner with solid income, tremendous upside and a market CAP rate above 6.5%. Between the expiring retail lease and the MTM studio the property offers added value to an investor. This would be an excellent upleg for an investor in a 1031 tax deferred exchange.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
No Info
Outdoor
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HOA
None
Price/Sqft
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Listed
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Home Details for 1615 E Washington Blvd
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Levels, Entrance, & Accessibility Stories: 1 |
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Year Built Year Built: 1929 |
Property Type / Style Property Type: Unknown |
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Lot Area: 5000 sqft |
Price History for 1615 E Washington Blvd
| Date | Price | Event | Source |
|---|---|---|---|
| 02/24/2016 | $1,125,000 | Sold | N/A |
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $16,375 |
| Assessment | $1,331,763 |
Home facts updated by county records
Comparable Sales for 1615 E Washington Blvd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.10 | Single-Family Home | $1,228,500 | 07/01/25 | 3 | 2 | 1,432 | |
0.21 | Single-Family Home | $1,665,000 | 05/29/25 | 4 | 3 | 2,320 | |
0.08 | Single-Family Home | $895,000 | 01/16/26 | 2 | 1 | 928 | |
0.11 | Single-Family Home | $1,050,000 | 01/29/26 | 2 | 1 | 1,064 | |
0.17 | Single-Family Home | $1,350,000 | 07/01/25 | 4 | 2 | 1,569 | |
0.19 | Single-Family Home | $1,200,000 | 03/16/26 | 3 | 1 | 1,296 | |
0.18 | Single-Family Home | $1,350,000 | 07/22/25 | 4 | 3 | 1,750 | |
0.18 | Single-Family Home | $1,605,000 | 03/11/26 | 4 | 2 | 1,770 | |
0.17 | Single-Family Home | $1,200,000 | 04/03/26 | 3 | 2 | 1,656 | |
0.16 | Single-Family Home | $1,480,000 | 06/23/25 | 2 | 2 | 1,172 |
Assigned Schools
These are the assigned schools for 1615 E Washington Blvd.
What Locals Say about East Central
At least 136 Trulia users voted on each feature.
95 % Say it's dog friendly
86 % Say there are sidewalks
81 % Say car is needed
76 % Say parking is easy
75 % Say yards are well-kept
68 % Say it's walkable to restaurants
67 % Say streets are well-lit
66 % Say there's holiday spirit
65 % Say people would walk alone at night
63 % Say it's quiet
59 % Say kids play outside
57 % Say there's wildlife
57 % Say it's walkable to grocery stores
54 % Say neighbors are friendly
53 % Say they plan to stay for at least 5 years
32 % Say there are community events
Learn more about our methodology.
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1615 E Washington Blvd, Pasadena, CA 91104 is a 5,620 sqft unknown built in 1929. 1615 E Washington Blvd is located in East Central, Pasadena. This property is not currently available for sale. 1615 E Washington Blvd was last sold on Feb 24, 2016 for $1,125,000.