1302 East Villa Street

Pasadena, CA 91106

$1,375,000
Price
7
Beds
4
Baths
2,927 Sq. Ft.
$470 / Sq. Ft.
2,927
Sq. Ft.
$470
per Sq. Ft.

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.
  1. Listed by Robyn Calvin • DRE #01988615 • Robyn Calvin

Property Details for 1302 East Villa Street

Water Front
None
Zoning
PSR6
Style
Spanish
Cross Streets
Villa St & Holliston Ave
Parcel Number
5739002047
Total Units
3.0
Living Area
2927
Source Living Area
Appraiser
LISTING UPDATED: 11/01/2024 03:30 PM

Property Details for 1302 East Villa Street

StatusActive
MLS #24-455327
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.21 AC / 9,202 SF
CountyLos 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

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Residential
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Property Condition: Repair Cosmetic
  • Water: Water District, District
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan, Cash, Conventional, Exchange Up
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $77,340
  • Net Operating Income: $56,228.00
  • Gross Income: $77,340
  • Cap Rate: 4.09%
  • Gross Rent Multiplier: $19.00
  • Financial Info as Of: 11/01/2024
  • Owner Pays: Water, Other
  • Total Annual Expense: 21112
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2112
  • Lot Size Square Feet: 9202
  • Lot Features: Back Yard, Front Yard
  • Lot Description: Back Yard, Front Yard, Alley Paved, Yard
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 3 Car, Garage Is Detached, Assigned
  • Total Parking: 3
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 3
  • Parking Features: Driveway, Garage - Three Door, Assigned
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Dining Room, Living Room
  • Levels: One
  • Fireplace Rooms: Living Room
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Range/Oven, Gas Dryer Hookup
  • Common Walls: Attached
  • Cooking Appliances: Gas, Oven-Gas, Oven, Cooktop - Gas
  • Laundry: In Closet, Community
Exterior Features
Exterior Features
  • Patio Features: Porch - Front
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-21-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,215.00
  • Unit Actual Rent: $2,215.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,865.00
  • Unit Actual Rent: $1,865.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,865.00
  • Unit Actual Rent: $1,865.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $326,400.00
  • Assessed Improvement Percent: 29.63
  • Assessed Land Value: $775,200.00
  • Assessed Land Percent: 70.37
  • Assessed Total Value: $1,101,600.00

Property History for 1302 East Villa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1302 East Villa Street is a multi-family home for sale in Pasadena, CA 91106. This property was listed for sale on October 14, 2024 by Robyn Calvin, it's currently listed at $1,375,000. It has been on the market for a total of 39 days and was last sold on July 19, 2016. This listing's school district is Pasadena Unified School District. Nearby schools include Jefferson Elementary School, Charles W. Eliot Middle School and Pasadena High School. 1302 East Villa Street is a 7-bed, 4-bath, 2,927 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Robyn Calvin, Robyn Calvin, DRE #01988615

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.