2359-2365 E Villa St
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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
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 4 | - | - |
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Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
Parcel Number | 5744-020-008 | Improvements Assessment | $205,712 |
Land Assessment | $88,150 | Total Assessment | $293,862 |
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) |
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Lucent Properties
2359-2365 E Villa St
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