Homes for sale - 1302 E Villa ST, Pasadena, CA 91106

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The CollMeinTeam

randy@collmeinteam.com +1(714) 726-3917

$1,375,000

Est. payment - /mo

7 Beds

4 Baths

2,927 SqFt

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UPDATED:

11/01/2024 10:45 PM

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

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Listed by Robyn Calvin • Robyn Calvin

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The CollMeinTeam

+1(714) 726-3917

Agent | License ID: 00982710

Agent License ID: 00982710

1302 E Villa ST Pasadena, CA 91106

The CollMeinTeam

The CollMeinTeam

Key Details

Location

Interior

Exterior

Building

Others

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1302 E Villa ST