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$ 1,800,000
Est. payment /mo
Active
1757 E Villa Street Pasadena, CA 91106
3 Beds
9,004 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25222041
Bedrooms 3
Lot Size 9,004 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
First Time for Sale Since 1981, 6-unit Value-add near Caltech and PCC, Significant Rental Upside, Fully Upgraded Electrical Panels, Roofs are in Excellent Condition, Garage in the back for ADU conversion. A 6-unit value-add apartment in a highly desirable location in the City of Pasadena, CA. This property has been very well maintained by current family who have owned it since 1981. Fully occupied, current rents are approximately 56% below market all tenants are month-to-month. It is located only between Allen Ave and Hill Ave and within walking distance from CALTECH and Pasadena City College. It is minutes away from most of City of Pasadena amenities such as Lake Ave Shopping District and Old Town Pasadena. It has excellent demographics of $143,972 average household income in a 1-mile radius. The property offers excellent curb appeal with well-manicured front lawn and mature trees. Ownership recently upgraded the main electrical panels for each unit and resurfaced the driveway. It consists of 2 buildings, a fourplex in the front, and a duplex in the back. The property has a total 3,936SF living space and sits on a large 9,004SF CL Zone Lot (Commercial Limited buyer to verify). The front building was built in 1959 and the back 2 units were built in 1927 (based on citys online permit - buyer to verify). The front 4-unit consists of two (2) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom, and the back duplex consists of one (1) 2bedroom+1bathroom and one (1) 1bedroom+1bathroom units. All the tenants are on month-to-month agreement, and the rents are approximately 56% bel
Location
State CA
County Los Angeles
Zoning Assessor
Direction FWY210 exit Allen Ave go north towards Villa St, make left on Villa and building on the right hand side
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5749016014
Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10508
Listed by Handoko Chen Growth Investment Group Pasade
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