2359 Villa StPasadena, CA 91107

This exceptional Pasadena investment opportunity presents a 4-unit multifamily property situated on a substantial 13,503 square foot lot. The property comprises two duplexes, each measuring 1,264 square feet, a 700 square foot garage, and a bonus utility/storage room. Currently boasting 100% occupancy, the property generates immediate rental income. Built in 1941, the one-story buildings offer significant potential for future development. The expansive lot allows for various possibilities, including a potential lot split, remodeling the existing structures, constructing new single-family homes, adding Accessory Dwelling Units (ADUs), or converting the garage into additional living space. All development options require city approval. This property offers a unique blend of immediate rental income and substantial long-term appreciation potential, making it an attractive investment for discerning buyers. The property is located at 2359 E Villa St, Pasadena, CA 91107, with four parking spaces available. The asking price is $1,549,000, resulting in a price per square foot of $623.09. The property features a total of 2,486 square feet of living space across two buildings. The APN is 5744-020-008. There is no ground lease associated with this property.