1302 E Villa Street
Pasadena, CA 91106
- – beds
- – baths
- – sqft
- 9,202 sqft lot
- 1923 build
- – on site
PRIME INVESTMENT/DEVELOPMENT OPPORTUNITY - GREAT 1031 EXCHANGE. This triplex offers a rare opportunity for investors and developers seeking value-add potential with immediate cash flow. Situated in a rapidly appreciating neighborhood near Old Town Pasadena, Pasadena City College, and major transit lines, this property promises both convenience and long-term growth. The 9,199 SF lot is zoned PSR6, offering redevelopment or expansion possibilities. The triplex consists of two buildings with a total of 7 bedrooms and 4 bathrooms across 2,927 SF of living space. The front unit features 3 bedrooms and 2 baths + family room, while the rear building holds two 2-bedroom, 1-bath units. The property has been well-maintained. Each unit offers unique features that attract quality tenants. Pasadena's strong rental demand, especially in areas close to major employment hubs like Caltech, PCC, and the ArtCenter College of Design, makes this an ideal income-generating asset. With vacancy rates consistently low, this triplex is poised to provide stable, immediate rental income. Additionally, the 9,199 SF rectangular lot offers future development potential for investors looking to capitalize on Pasadena's long-term appreciation. Take advantage of the area's robust rental market and redevelopment potential, perfect for a 1031 exchange or portfolio expansion. Contact me today to explore the possibilities of this prime Pasadena investment.
Last checked:
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Last updated Nov 1, 2024
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MLS# 24455327 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1923
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New Construction:No
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Construction Materials:Stucco
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Architectural Style:Spanish
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Building Area Total:2927.00
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# of Buildings:2
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Total Number Of Units:3
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Stories Total:1
Interior
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Levels:One
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Entry Location:Ground Level w/steps
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Room Type:Living Room
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Fireplace:Yes
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Fireplace:Living Room
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Laundry:In Closet, Community
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Laundry:1
Location
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Directions:From the 210 Fwy head west on E Maple St towards Hill Ave. Turn right at the first cross-street onto N Hill Ave. Left on E Villa St.
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Latitude:34.15401700
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Longitude:-118.12348700
The Property
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Property Type:Residential Income
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Property Condition:Repairs Cosmetic
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Zoning:PSR6
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Lot Features:Back Yard, Front Yard, Yard
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Lot Size Area:9202.0000
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Lot Size Acres:0.2112
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Lot Size SqFt:9202.00
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View:None
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5739002047
Heating & Cooling
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Heating:1
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Heating:Natural Gas
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Cooling:No
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Cooling:None
Utilities
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Sewer:Sewer Paid
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Water Source:Public
Appliances
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Appliances:Gas Oven, Oven, Gas Cooktop
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Included:Yes
The Community
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Senior Community:No
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Inclusions:All appliances
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Driveway, Garage - Three Door, Assigned
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Parking Spaces:3.00
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Garage Spaces:3.00
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Uncovered Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/21/24
Oct 21, 2024
|
Listed / Active | CRMLS_CA | $1,375,000 | 52.9% (6.4% / YR) |
|
7/19/16
Jul 19, 2016
|
CRMLS_CA | $899,200 |
