2359 E Villa Street, Pasadena, CA 91107
-
Listed Price :
$1,549,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1941
Property Description
2359-2365 East Villa Street presents a unique opportunity for rental income with exciting development potential. The property is situated on a 13,500 sq. ft. lot (100 ft. wide x 135 ft. deep) and includes two duplexes (1,264 sq. ft. each), a 700 sq. ft. garage, and a bonus utility room/storage, along with expansive open spaces for future enhancements.
Pasadena has indicated the possibility of a lot split, potentially allowing via a variance the creation of two 50 ft. wide parcels, despite the usual 55 ft. street frontage zoning. This flexibility opens the door for an investor to explore remodeling the existing duplexes into single-family homes or starting fresh with new construction. Additional possibilities include adding ADUs and/or converting the garage into living space.
With various options to enhance and maximize its value, this property allows investors to collect rental income during the planning phase. All development options mentioned, including lot splits, new home sites, ADUs, and/or conversions, would require city approval. However, with the right approach, this could be a highly rewarding investment opportunity.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
2359 E Villa Street |
| City |
Pasadena |
| State |
CA |
| Zip |
91107 |
| County |
Los Angeles |
| Listing Agent |
Harout Khayalian DRE #01237831 |
| Courtesy Of |
Lucent Properties |
| List Price |
$1,549,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
13,503 |
| Year Built |
1941 |
Listing information courtesy of: Harout Khayalian, Lucent Properties. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 19th, 2024 at 10:22 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.
