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$ 1,375,000

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1302 E Villa St Pasadena, CA 91106

7 Beds

4 Baths

2,743 SqFt

UPDATED:

10/22/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,743 sqft

Price per Sqft $501

MLS Listing ID 24-455327

Style Spanish

Bedrooms 7

Construction Status Repair Cosmetic

Year Built 1923

Lot Size 9,202 Sqft

Acres 0.2112

Property Description

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.

Location

State CA

County Los Angeles

Area Pasadena Ne

Zoning PSR6

Rooms

Other Rooms None

Dining Room 1

Interior

Heating Natural Gas

Cooling None

Inclusions All appliances

Equipment Stackable W/D Hookup, Range/Oven

Laundry In Closet, Laundry Closet Stacked, Community

Exterior

Garage Driveway, Garage - 3 Car, Garage Is Detached, Assigned

Garage Spaces 3.0

Waterfront Description None

View Y/N No

View None

Building

Lot Description Back Yard, Front Yard

Story 1

Sewer In Connected and Paid

Water Water District, District

Architectural Style Spanish

Level or Stories One

Structure Type Stucco

Construction Status Repair Cosmetic

Schools

School District Pasadena Unified

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Robyn Calvin

GUIDE SoCal

Broker | License ID: DRE#01976964

GUIDE SoCal

1302 E Villa St Pasadena, CA 91106

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1302 E Villa St