2359 Villa StPasadena, CA 91107

Property Details for 2359 Villa St

Year built

1941

Property size (Sq ft)

2,486 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1544

Longitude

-118.102

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