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    803 E Villa Street

    Pasadena, CA 91101
    • $1,500,000
    • STATUS: Active
    • ON SITE: 226 days
    • ID#: 20564618
    $1,500,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    The Craftsman-style property sits just three blocks from the Pasadena Playhouse District, and one mile from Old Town Pasadena, allowing tenants convenient access to some of the more vibrant shopping and dining areas in the city. Current rents sit far below the market rates in the area, allowing a new investor the potential to capitalize on the approximately 76% rent upside. Originally constructed in 1905, the building features many of the character accents often associated with iconic Pasadena Craftsman-style properties, including decorative windows, a covered front porch, overhanging eaves, exposed beams, fireplaces, and a pitched roof. There is ample parking, including individual garages, and the building is not on the seismic retrofit list (Buyer to verify). Tenants are within easy walking distance of the Metro Gold Line, with the Lake Avenue station just one block away. The Hat, known for its "World Famous Pastrami" sandwiches, is just three parcels east of the building.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-28T22:28:56.28. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/104227917
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    803 E Villa Street Pasadena, CA 91101

    • Price: $1,500,000
    • Status: Active
    • ID#: 20564618
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    1905
    Built
    Neighborhood:
    646 - Pasadena (NE)
    County:
    Los Angeles
    Area:
    646 - Pasadena (NE)
    Property Description
    The Craftsman-style property sits just three blocks from the Pasadena Playhouse District, and one mile from Old Town Pasadena, allowing tenants convenient access to some of the more vibrant shopping and dining areas in the city. Current rents sit far below the market rates in the area, allowing a new investor the potential to capitalize on the approximately 76% rent upside. Originally constructed in 1905, the building features many of the character accents often associated with iconic Pasadena Craftsman-style properties, including decorative windows, a covered front porch, overhanging eaves, exposed beams, fireplaces, and a pitched roof. There is ample parking, including individual garages, and the building is not on the seismic retrofit list (Buyer to verify). Tenants are within easy walking distance of the Metro Gold Line, with the Lake Avenue station just one block away. The Hat, known for its "World Famous Pastrami" sandwiches, is just three parcels east of the building.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Property Features

    Gross Income 111977.00 Gross Multiplier 12.99 Gross Operating Income 115440.00 Net Operating Income 79640.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 32337.00 Vacancy Allowance Rate 0.00 Zoning Psr1

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-28T22:28:56.28. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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