1302 East Villa Street
$1,375,000
7
4
2,927
2,927
$470
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...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.
- Listed by Robyn Calvin • DRE #01988615 • Robyn Calvin
Property Details for 1302 East Villa Street
Water Front
None
ZoningPSR6
StyleSpanish
Cross StreetsVilla St & Holliston Ave
Parcel Number5739002047
Total Units3.0
Living Area2927
Source Living AreaAppraiser
LISTING UPDATED: 11/01/2024 03:30 PM
Property Details for 1302 East Villa Street
Status | Active |
---|---|
MLS # | 24-455327 |
Days on Market | 39 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1923 |
Lot Size | 0.21 AC / 9,202 SF |
County | Los Angeles County |
Building Information for 1302 East Villa Street
Stories1Residences-Year Built1923Building Size-Lot Size0.21 AC / 9,202 SF
Property Information for 1302 East Villa Street
Property History for 1302 East Villa Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1302 East Villa Street
Taxable ValueLand$790,704Additions$332,928Total$1,123,632
Tax Record2024$13,224 ($1,102 / month)
Home Facts
Total Finished SqFt2,743 SqFtAbove Grade Finished SqFt2,743 SqFtLot Size9,199 SqFtStyleTriplexYear Built1923ZoningPSR6CountyLOS ANGELESAPN5739-002-047
Schools near 1302 East Villa Street
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Jefferson Elementary School PublicK to 5 | ||
Charles W. Eliot Middle School Public6 to 8 | ||
Pasadena High School Public9 to 12 | ||
Marshall Fundamental School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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