1302 E Villa ST Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91106
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,927 sqft
Price per Sqft $469
MLS Listing ID 24455327
Bedrooms 7
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1923
Lot Size 9,199 Sqft
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 2,927 SF of living space. The front unit features 3 bedrooms and 2 baths + family room, 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 646 - Pasadena (Ne)
Zoning PSR6
Interior
Heating Natural Gas
Cooling None
Fireplaces Type Living Room
Inclusions All appliances
Fireplace Yes
Appliance Gas Cooktop,Gas Oven,Oven
Laundry Common Area,Laundry Closet
Exterior
Parking Features Assigned,Door-Multi,Driveway,Garage
Garage Spaces 3.0
Garage Description 3.0
View Y/N No
View None
Porch Front Porch
Attached Garage No
Total Parking Spaces 3
Building
Lot Description Back Yard,Front Yard,Yard
Story 1
Entry Level One
Sewer Sewer Tap Paid
Water Public
Architectural Style Spanish
Level or Stories One
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 5739002047
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard