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2359-2365 E Villa St

4 Unit Apartment Building $1,449,000 ($362,250/Unit) Pasadena, CA 91107

Executive Summary

2359-2365 East Villa Street presents a unique opportunity for rental income with exciting development potential. The property sits on a 13,500 sq. ft. lot (100 ft. wide x 135 ft. deep) and includes two duplexes (1,264 sq. ft. each), a 700 sq. ft. garage, and a bonus utility/storage room, along with expansive open space for future enhancements. There is the potential for a lot split, providing an investor with a variety of development options, such as remodeling the existing duplexes, creating new single-family homes, or starting fresh with new construction. Additional possibilities include adding ADUs or converting the garage into living space. All development options, including lot splits, new home sites, and ADU conversions, will require city approval. With the right approach, this property offers the potential for a highly rewarding investment, allowing for rental income during the planning phase.

Property Facts

Price $1,449,000
Price Per Unit $362,250
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.31 AC
Building Size 2,486 SF
Average Occupancy 100%
No. Stories 1
Year Built 1941
Parking Ratio 1.61/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5744-020-008
Land Assessment
$88,150
Improvements Assessment
$205,712
Total Assessment
$293,862

zoning

Zoning Code PSR6 (Non-Conforming Multi-Family)
PSR6 (Non-Conforming Multi-Family)
  • Listing ID: 33197494

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 2359-2365 E Villa St, Pasadena, CA 91107

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