1108 E Villa Street

    Pasadena, CA 91106
    • $3,100,000
    • STATUS: Active
    • ON SITE: 153 days
    • ID#: 18322536
    UPDATED: 133 min ago
    $3,100,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    The apartments on Villa Street represent a unique investment opportunity in the much desired City of Pasadena. The subject property is a well maintained 12 Unit building located in a prime rental area of Pasadena just above the 210 Freeway on Villa Street between Lake Avenue and Hill Avenue. The property was built in the 1950's and consists of 12 one-bed/one-bath units with separate bedrooms, private patios and good floor-plans. The apartments total approximately 5,424 Sq.ft on a large 14,565 Sq.ft. lot per assessor records. The apartments are situated well off-street toward the rear of the large lot which offers tenants a much quieter and peaceful living environment. Additionally, the large lot offers plenty of off-street parking that is secured by a gate with remote control access for added security to both the tenants cars and the property. The Current rents are low offering investors significant rental upside potential. Units are individually metered for gas and electricity.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-14T00:29:41.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/81520698

    1108 E Villa Street Pasadena, CA 91106

    • Price: $3,100,000
    • Status: Active
    • Updated: 133 min ago
    • ID#: 18322536
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    1950
    Built
    Neighborhood:
    646 - Pasadena (NE)
    County:
    Los Angeles
    Area:
    646 - Pasadena (NE)
    Property Description
    The apartments on Villa Street represent a unique investment opportunity in the much desired City of Pasadena. The subject property is a well maintained 12 Unit building located in a prime rental area of Pasadena just above the 210 Freeway on Villa Street between Lake Avenue and Hill Avenue. The property was built in the 1950's and consists of 12 one-bed/one-bath units with separate bedrooms, private patios and good floor-plans. The apartments total approximately 5,424 Sq.ft on a large 14,565 Sq.ft. lot per assessor records. The apartments are situated well off-street toward the rear of the large lot which offers tenants a much quieter and peaceful living environment. Additionally, the large lot offers plenty of off-street parking that is secured by a gate with remote control access for added security to both the tenants cars and the property. The Current rents are low offering investors significant rental upside potential. Units are individually metered for gas and electricity.
    Exterior Features

    Lot Size Units Square Feet Parking Features Controlled Entrance Parking YN Yes

    Interior Features

    Cooling Wall Window Cooling YN Yes

    Property Features

    Country Us Gross Multiplier 21.00 Gross Operating Income 147000.00 Improvements Amount 1315800 Land Value 877200 Net Operating Income 89996.00 Special Listing Conditions Standard Total Expenses 57004.00 Zoning Psr3

    Listing provided courtesy of Joe Cooper of Keller Williams Pasadena Mrkt.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-14T00:29:41.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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