$3,000,000 Price Analysis   ♡   Pasadena, CA 91107 8 bed 9 bath 5,750 SqFt ($521/SqFt) 9,417SqFt lot. Built 1935 Listed 2024-07-11, Taxes $21,460 | Ⓧ USDA Ineligible due to price & location near Pasadena |
5.36% CAP RATE ON EXISTING RENTS AND UPDATED PROPERTY!
We are pleased to present for sale this 9-unit architectural gem of a property. The property has been thoughtfully updated offer modern comfort and convenience all while preserving th 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. Updated features include remodeled kitchens and bathrooms, FULL copper plumbing, recessed lighting, tankless water heaters, ductless mini-split AC systems, wood flooring a nd built-ins as well as modern appliances.
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 seven on-site, parking spaces and NO SOFT-STORY RETROFIT NEEDED. Separately metered for electricity and gas. 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.
Presented by Alexander Metaxas at
Realty Investment Advisors, Inc.
Property MLS #24-413791 from TheMLSCLAW
Full Bathrooms: 9
Microwave
Laundry Facilities: Room
Laundry Features: Room
Heating Features: Forced Air, Electric, Wall
Lot Size Source: Assessor
Lot Size Square Feet: 9417
Parking Total: 7
Calculated Total Monthly Association Fees: 0
Number of Units: 9
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 8925, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 4300, 3 BathsTotal: 1, 3 SquareFeet: 7580
County: Los Angeles
Directions: Head east on Villa St, property on south side of Villa, one block east of Allen.
Source Property Type: Residential Income
Area: Pasadena NE
Source Neighborhood: Pasadena NE
Parcel Number: 5745-002-037
Postal Code Plus 4: 2336
Zoning: PSC-
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $713,491 + $1,075,901 $1,789,392 | $21,460 |
| 2021 | $699,501 + $1,054,805 $1,754,306 | $20,591 |
| 2020 | $692,329 + $1,043,990 $1,736,319 | $19,796 |
| 2019 | $678,754 + $1,023,520 $1,702,274 | $19,838 |
| 2018 | $665,446 + $1,003,451 $1,668,897 | $20,130 |
| 2017 | $652,399 + $983,776 $1,636,175 | $19,909 |
| 2016 | $1,045,707 + $852,810 $1,898,517 | $22,764 |
| 2015 | $252,490 + $108,301 $360,791 | $5,549 |
| 2014 | $247,545 + $106,180 $353,725 | $5,507 |
| 2013 | $246,427 + $105,701 $352,128 | $5,493 |
| 2012 | $241,596 + $103,629 $345,225 | $5,439 |
| 2010 | $236,859 + $101,598 $338,457 | $5,241 |
| 2009 | $235,648 + $101,079 $336,727 | $5,210 |
| 2009 | $235,089 + $100,839 $335,928 | $5,210 |
| 2008 | $231,028 + $99,098 $330,126 | $4,920 |
| 2007 | $226,499 + $97,155 $323,654 | $4,712 |
$3,000,000
TheMLSCLAW
Listing removed 2015-06-06
$1,050
Appfolio
Listed for rent 2015-05-27
$1,050
Appfolio
Listing removed 2015-05-21
$1,150
Appfolio
Price Changed for rent 2015-05-08
$1,150
Appfolio
Listed for rent 2015-04-28
$1,195
Appfolio
Sold 2015-01-07
$2,000,000
Public Record
Year Built: 1935
Levels: Multi Levels
Living Area Source: Assessor
Property Age: 89
Property Condition: Updated/Remodeled
Levels or Stories: 2
Building Total Stories: 2
House Style: Architectural
Year Built Source: Assessor
Architectural Style: Architectural
Security Features: Smoke Detector, Carbon Monoxide Detector(s)
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.