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1998 E Villa St

Pasadena, CA 91107
  • $2,888,000
  • STATUS: Closed
  • ON SITE: 217 Days
  • MLS #: 24-413791
Sold - 02/07/2025
$2,888,000
SOLD - 02/07/2025
  • 8
    BEDS
  • 0.22
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 5,750
    SQFT
  • $502
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1935
County:
Area:

School Ratings & Info

Description

5.72% CAP, 12.07 GRM ! 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.

Sold by Alain Babaian BRE#01784652 of Americana Real Estate Services.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-13T12:43:22.347. 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.
www.searchdesertrealestate.com/homes/152484444
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1998 E Villa St Pasadena, CA 91107

  • Price: $2,888,000
  • Status: Closed
  • On Site: 217 Days
  • Updated: 59 min ago
  • MLS #: 24-413791
8
Beds
9
Baths
0
½ Baths
0.22
Acres
5,750
SQFT
$502
$/SQFT
1935
Built
Neighborhood:
Pasadena Ne
County:
Los Angeles
Area:
Pasadena Ne
Property Description
5.72% CAP, 12.07 GRM ! 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.
Exterior Features

Levels Multi/Split Lot Size Area 9417 Other Structures None Parking Garage Driveway Pool Description None Pool YN No Style Architectural Total Parking 7

Interior Features

Cooking Appliances RangeMicrowave Cooling Wall Unit(s)Electric Equipment DishwasherMicrowaveRange/OvenRefrigerator Heating Forced AirElectricWall Laundry Room Water Heater Features Tankless

Property Features

Assessed Total Value 1825179 Disclosures None Gross Income 239292 Gross Operating Income 232113 Like Units1 3 Like Units2 2 Like Units3 4 Net Operating Income 165060.00 Number Of Buildings 3 Number Of Units 9 Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Smoke DetectorCarbon Monoxide Detector(s) Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 67054 Type Of Units 1s & 2s Water Heaters YN Yes Year Built Source Assessor Zoning PSC-

Listing provided courtesy of Alexander Metaxas DRE#01784652 of Realty Investment Advisors, Inc.: .


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-13T12:43:22.347. 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.
 
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