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803 E Villa St

Pasadena, CA 91101
  • $1,500,000
  • STATUS: Active
  • ON SITE: 464 days
  • MLS #: 20-564618
UPDATED: 42 min ago
$1,500,000
  • 7
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,360
    SQFT
  • $446
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1905
County:
Area:

School Ratings & Info

Description

The Craftsman-style property sits just three blocks from the Pasadena Playhouse District, and one mile from Old Town Pasadena, allowing tenants convenient access to some of the more vibrant shopping and dining areas in the city. Current rents sit far below the market rates in the area, allowing a new investor the potential to capitalize on the approximately 76% rent upside. Originally constructed in 1905, the building features many of the character accents often associated with iconic Pasadena Craftsman-style properties, including decorative windows, a covered front porch, overhanging eaves, exposed beams, fireplaces, and a pitched roof. There is ample parking, including individual garages, and the building is not on the seismic retrofit list (Buyer to verify). Tenants are within easy walking distance of the Metro Gold Line, with the Lake Avenue station just one block away. The Hat, known for its "World Famous Pastrami" sandwiches, is just three parcels east of the building.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T16:44:45.263. 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/104228191
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803 E Villa St Pasadena, CA 91101

  • Price: $1,500,000
  • Status: Active
  • Updated: 42 min ago
  • MLS #: 20-564618
7
Beds
0
Baths
0
½ Baths
N/A
Acres
3,360
SQFT
$446
$/SQFT
1905
Built
Neighborhood:
Pasadena Ne
County:
Los Angeles
Area:
Pasadena Ne
Property Description
The Craftsman-style property sits just three blocks from the Pasadena Playhouse District, and one mile from Old Town Pasadena, allowing tenants convenient access to some of the more vibrant shopping and dining areas in the city. Current rents sit far below the market rates in the area, allowing a new investor the potential to capitalize on the approximately 76% rent upside. Originally constructed in 1905, the building features many of the character accents often associated with iconic Pasadena Craftsman-style properties, including decorative windows, a covered front porch, overhanging eaves, exposed beams, fireplaces, and a pitched roof. There is ample parking, including individual garages, and the building is not on the seismic retrofit list (Buyer to verify). Tenants are within easy walking distance of the Metro Gold Line, with the Lake Avenue station just one block away. The Hat, known for its "World Famous Pastrami" sandwiches, is just three parcels east of the building.
Exterior Features

Lot Size Area 13222 Other Structures Other Parking Garage Assigned Total Parking 5

Interior Features

Baths Total 5.00 Cooling Other Equipment Other Heating Other

Property Features

Gross Income 111977 Gross Operating Income 115440 Like Units1 1 Like Units2 3 Like Units3 1 Net Operating Income 79640.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 32337 Type Of Units Residential Year Built Source Assessor Zoning Psr1

Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T16:44:45.263. 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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