1998 E Villa Street

Pasadena, CA 91107

$3,000,000

Listed Price
8

bed Beds

9

shower Baths

5,750 sqft

straighten / sqft

1935

calendar_month Built

Property Description

5.36% CAP, 12.70 GRM ON CURRENT RENTS!! REMODELED KITCHENS AND BATHROOMS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, TANKLESS WATER HEATERS, MINI-SPLIT & CENTRAL AC SYSTEMS, WOOD FLOORS, NO Soft-Story Retrofit. We are pleased to present this 9-unit architectural gem of a property. The property has been very thoughtfully updated offer modern comfort and convenience all while preserving the original character and charm that so many appreciate and seek out in a property. The unit mix consists of Three 2 Bed + 1 bath units; Two 1 Bed + 1 bath units and Four Studio + 1 bath units. Couple the retro and timeless look of this property with being surrounded by single family homes and it makes sense why it features high occupancy with high rents. There are currently six on-site, parking spaces and property is separately metered for gas and electricity. A well updated, meticulously managed by the ownership and still has upside growth and potential for a new owner make this an investment not to pass up. PLEASE DO NOT DISTURB THE TENANTS.

Interior Features

Laundry Information
Location(s) Laundry Room
Bedroom Information
Bedrooms 8
Bathroom Information
Bathrooms 9
Interior Information
Cooling Type Electric

Listing Information

Address 1998 E Villa Street
City Pasadena
State CA
Zip 91107
County Los Angeles
Listing Agent Alexander Metaxas DRE#01784652
Co-Listing Agent Benjamin J. Hsiang DRE#01438644
Courtesy Of Realty Investment Advisors, Inc.
MLS 24413791
List Price $3,000,000
Status Active
Type Residential Income
Structure Size 5,750
Lot Size 9,417
Year Built 1935
DOM 42

Exterior Information

Maps

Listing information courtesy of: Alexander Metaxas, Benjamin J. Hsiang, Realty Investment Advisors, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 22nd, 2024 at 10:23 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.