1302 E Villa St Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91106
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,927 sqft
Price per Sqft $469
MLS Listing ID 24-455327
Style Spanish
Bedrooms 7
Construction Status Repair Cosmetic
Year Built 1923
Lot Size 9,202 Sqft
Acres 0.2112
Property 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 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.
Location
State CA
County Los Angeles
Area Pasadena Ne
Zoning PSR6
Rooms
Other Rooms None
Dining Room 1
Interior
Heating Natural Gas
Cooling None
Fireplaces Type Living Room
Inclusions All appliances
Equipment Range/Oven, Gas Dryer Hookup
Laundry In Closet, Community
Exterior
Garage Driveway, Garage - 3 Car, Garage Is Detached, Assigned
Garage Spaces 3.0
Waterfront Description None
View Y/N No
View None
Building
Lot Description Back Yard, Front Yard, Alley Paved, Yard
Story 1
Sewer In Connected and Paid
Water Water District, District
Architectural Style Spanish
Level or Stories One
Structure Type Stucco
Construction Status Repair Cosmetic
Schools
School District Pasadena Unified
Others
Special Listing Condition Standard