1757 E Villa ST, Pasadena, CA 91106 - MLS#AR25222041

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,800,000

Est. payment | -/mo

9,003 Sqft Lot

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$ 1,800,000

Est. payment | -/mo

Save Virtual Tour

9,003 Sqft Lot

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 1959

Annual Tax Amount $19,710

Lot Size 9,003 Sqft

Property Sub-Type Apartment

Property Description

First Time for Sale Since 1981, 6-unit Value-add near Caltech and PCC, Significant Rental Upside, Fully Upgraded Electrical Panels, Roofs are in Excellent Condition, Garage in the back for ADU conversion.

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 1959 and the back 2 units were built in 1927 (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

Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10508

Listed by Han Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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1757 E Villa ST Pasadena, CA 91106