About 2301 Pasadena Avenue
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 $1,899,000 against a 9.28% stabilized pro forma cap (GRM 6.04). 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.
Features of 2301 Pasadena Avenue
| MLS® # | SR26162858 |
|---|---|
| Price | $1,899,000 |
| Bathrooms | 0.00 |
| Acres | 0.13 |
| Year Built | 1962 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 2301 Pasadena Avenue |
|---|---|
| Area | 677 - Lincoln Hts |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90031 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Near Public Transit |
|---|
Additional Information
| Date Listed | July 26th, 2026 |
|---|---|
| Days on Market | 47 |
| Zoning | LAC2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Logan Altman |
|---|---|
| Office | Altman Apartments LLC |