$ 2,888,000
1998 E Villa Street Pasadena, CA 91107
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,888,000
Est. payment /mo
Active
1998 E Villa Street Pasadena, CA 91107
5,750 SqFt
UPDATED:
10/30/2024 03:23 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,750 sqft
Price per Sqft $502
MLS Listing ID CL24413791
HOA Y/N No
Year Built 1935
Lot Size 9,417 Sqft
Acres 0.22
Property Description
5.67% CAP, 12.15 GRM ON CURRENT RENTS! REMODELED UNITS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, TANK-LESS WATER HEATERS, MINI-SPLIT & CENTRAL AC SYSTEMS, ROOFS UPDATED, A TON OF ATTENTION TO DETAIL IN REMODELS. NO Soft-Story Retrofit. We are pleased to present this 9-unit apartment that will yield a solid return for the new buyer. The property has been very thoughtfully updated offer modern comfort and convenience all while preserving the original character and charm that so many appreciate and seek out in a property. The unit mix consists of Three 2 Bed + 1 bath units; Two 1 Bed + 1 bath units and Four Studio + 1 bath units. Couple the retro and timeless look of this property with being surrounded by single family homes and it makes sense why it features high occupancy with high rents. There are currently six on-site, parking spaces and property is separately metered for gas and electricity. A well updated, meticulously managed by the ownership and still has upside growth and potential for a new owner make this an investment not to pass up. PLEASE DO NOT DISTURB THE TENANTS.
Location
State CA
County Los Angeles
Area Listing
Zoning PSC-
Interior
Heating Electric, Forced Air, Wall Furnace
Cooling Other
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 5745002037
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Listed by Alexander Metaxas • Realty Investment Advisors, Inc.