1757 E Villa ST Pasadena, CA 91106
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25222041
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1927
Annual Tax Amount $19,710
Lot Size 9,003 Sqft
Property Sub-Type Apartment
Property Description
A 6-unit value-add apartment in a highly desirable location in the City of Pasadena, CA. This property has been very well maintained by current family who have owned it since 1981. Fully occupied, current rents are approximately ±56% below market – all tenants are month-to-month. It is located only between Allen Ave and Hill Ave and within walking distance from CALTECH and Pasadena City College. It is minutes away from most of City of Pasadena amenities such as Lake Ave Shopping District and Old Town Pasadena. It has excellent demographics of ±$143,972 average household income in a 1-mile radius.
The property offers excellent curb appeal with well-manicured front lawn and mature trees. Ownership recently upgraded the main electrical panels for each unit and resurfaced the driveway. It consists of 2 buildings, a fourplex in the front, and a duplex in the back. The property has a total 3,936SF living space and sits on a large 9,004SF CL Zone Lot (Commercial Limited – buyer to verify). The front building was built in 1927 and the back 2 units were built after that (based on city's online permit - buyer to verify).
The front 4-unit consists of two (2) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom, and the back duplex consists of one (1) 2bedroom+1bathroom and one (1) 1bedroom+1bathroom units. All the tenants are on month-to-month agreement, and the rents are approximately ±56% below market (buyer to verify). Each unit has functional layout with windows A/C, ceiling fans, tiled kitchen and tiled bathroom.
Each unit is separately metered for electricity and gas. Parking is provided by 7 parking spaces (4 carport, 2 surface, and 1 garage) at the back. The garage has been converted into storage unit for seller's personal use and is prime for ADU conversion (buyer to verify). There is a shared laundry room (laundry lease).
The property is located on a side street that has mostly residential buildings and some commercial retail properties. It has excellent demographics of $143,972 average household income within a 1-mile radius. The property has superb access to FWY 210 and 110 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Wood
Fireplaces Type None
Fireplace No
Appliance Disposal, Gas Range
Laundry Common Area
Exterior
Parking Features Assigned, Detached Carport
Carport Spaces 4
Fence None
Pool None
Community Features Suburban, Valley
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Asbestos Shingle
Accessibility None
Total Parking Spaces 6
Private Pool No
Building
Lot Description 36-40 Units/Acre, Near Public Transit, Rectangular Lot, Street Level
Faces South
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 5749016014
Energy Description 293.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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