1302 E Villa Street, Pasadena, CA 91106
-
Listed Price :
$1,375,000
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Beds :
7
-
Baths :
4
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Property Size :
2,927 sqft
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Year Built :
1923
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Laundry Closet |
| Bedroom Information |
| Bedrooms |
7 |
| Bathroom Information |
| Bathrooms |
4 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
1302 E Villa Street |
| City |
Pasadena |
| State |
CA |
| Zip |
91106 |
| County |
Los Angeles |
| Listing Agent |
Robyn Calvin DRE #01988615 |
| Courtesy Of |
Robyn Calvin |
| List Price |
$1,375,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,927 |
| Lot Size |
9,202 |
| Year Built |
1923 |
Listing information courtesy of: Robyn Calvin, Robyn Calvin. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 10:45 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
