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$2,888,000

Beds
8
sq ft
5,750

1998 E Villa St, Pasadena, CA 91107

1998 E Villa St

Pasadena, CA 91107

  • 135 days on market
    • Price drop $112,000↓
5.67% CAP, 12.15 GRM ON CURRENT RENTS! REMODELED UNITS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, TANK-LESS WATER HEATERS, MINI-SPLIT & CENTRAL AC SYSTEMS, ROOFS UPDATED, A TON OF ATTENTION TO DETAIL IN REMODELS. NO Soft-Story Retrofit. We are pleased to present this 9-unit apartment that will yield a solid return for the new buyer. 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.

Details

Property type

Property condition

Updated/Remodeled

Lot size

9,417 sq ft

Price per sq ft

$503

Year built

1935

HOA

No

Price History

10/03/2024
CLAW

CLAW #24413791

Price change
$2,888,000
-3.73%
08/21/2024
CLAW

CLAW #24413791

Listed
$3,000,000
08/19/2024
CLAW

CLAW #24413791

Removed
$3,000,000

Schools & Community

Neighborhood: 

Mid Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/22/2024 at 4:20 PM

Listing updated: 10/29/2024 at 4:55 PM

Listed by: Alexander Metaxas, Realty Investment Advisors, Inc.

MLS: CLAW #24413791

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