1302 E Villa Street, Pasadena, CA 91106 (MLS # 24455327)

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PRICE $1,375,000 dsIDX morgage calculator
BEDS 7
BATHS 4
HOME SIZE 2,743 sqft
LOT SIZE 9,200 sqft

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 2,743 SF of living space. The front unit features 3 bedrooms and 2 baths, 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.

DAYS ON MARKET 16 LAST UPDATED 10/24/2024
YEAR BUILT 1923 COMMUNITY Pasadena (NE)
GARAGE SPACES 3.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Gas Cooktop, Gas Oven, Oven
AREA Pasadena (NE)
CONSTRUCTION Stucco
GARAGE Assigned, Door-Multi, Driveway, Garage, Yes
HEAT Natural Gas
LOT 9202 sq ft
LOT DESCRIPTION Back Yard, Front Yard
PARKING Assigned,Door-Multi,Driveway,Garage
SEWER Sewer Tap Paid
STORIES 1
STYLE Spanish
VIEW DESCRIPTION None
WATER Public
ZONING PSR6
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Robyn Calvin

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/24 8:30 PM PDT and /or other sources. 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

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