1998 E Villa Street, Pasadena, CA 91107
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Listed Price :
$2,888,000
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Beds :
8
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Baths :
9
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Property Size :
5,750 sqft
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Year Built :
1935
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.
Interior Features
| Laundry Information |
| Location(s) |
Laundry Room |
| Bedroom Information |
| Bedrooms |
8 |
| Bathroom Information |
| Bathrooms |
9 |
| Interior Information |
| Cooling Type |
Electric |
Listing Information
| Address |
1998 E Villa Street |
| City |
Pasadena |
| State |
CA |
| Zip |
91107 |
| County |
Los Angeles |
| Listing Agent |
Alexander Metaxas DRE #01784652 |
| Co-Listing Agent |
Benjamin J. Hsiang DRE #01438644 |
| Courtesy Of |
Realty Investment Advisors, Inc. |
| List Price |
$2,888,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,750 |
| Lot Size |
9,417 |
| Year Built |
1935 |
Listing information courtesy of: Alexander Metaxas, Benjamin J. Hsiang, Realty Investment Advisors, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 29th, 2024 at 11:49 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
