803 E Villa St

Pasadena, CA 91101 View Map $1,500,000 Schedule a Tour
Sq.Ft. Lot13,222
Year1905
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(323) 678-9004
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:20564618
On Site:192 Days
Lot Size:13,222 Sq. Ft.
County:Los Angeles
The Craftsman-style property sits just three blocks from the Pasadena Playhouse District, and one mile from Old Town Pasadena, allowing tenants convenient access to some of the more vibrant shopping and dining areas in the city. Current rents sit far below the market rates in the area, allowing a new investor the potential to capitalize on the approximately 76% rent upside. Originally constructed in 1905, the building features many of the character accents often associated with iconic Pasadena Craftsman-style properties, including decorative windows, a covered front porch, overhanging eaves, exposed beams, fireplaces, and a pitched roof. There is ample parking, including individual garages, and the building is not on the seismic retrofit list (Buyer to verify). Tenants are within easy walking distance of the Metro Gold Line, with the Lake Avenue station just one block away. The Hat, known for its "World Famous Pastrami" sandwiches, is just three parcels east of the building.

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Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:803 E Villa St Pasadena, CA 91101
Zip Code:91101

Architecture

Year Built:1905
Stories:2
Number of Buildings: 1
Total Units: 5
Stories Total: 2
Unit 9: 1 Unit•1 Bath•Unfurnished•$780 actual rent•$780 total rent•$1,595 pro forma
Unit 10: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,300 actual rent•$1,300 total rent•$2,325 pro forma
Unit 11: 3 Units•1 Bed•1 Bath•Unfurnished•$1,125 actual rent•$3,375 total rent•$5,700 pro forma
Parking Features: Assigned

Property Features

Lot Size: 0.3 Acres / 13,222 Sq. Ft.
Zoning:PSR1
Directions:**CAP and GRM are based on Pro Forma rents **We are pleased to announce the sale of 803 E Villa Street, a 5-unit multifamily property on a spacious 13,221 square foot lot in Pasadena, CA.

Tax and Financial Info

Gross Income: $111,977
Net Operating Income: $79,640

Schools

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803 E Villa St Pasadena, CA 91101
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803 E Villa St Pasadena, CA 91101
 
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Listing provided courtesy of Roderick 'Rick' Raymundo, Marcus & Millichap.
Based on information from California Regional Multiple Listing Service, Inc. as of June 21, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
Property Summary:
Home for sale at .

Description: The home at 803 E Villa St Pasadena, CA 91101 with the MLS Number 20564618 is currently listed at $1,500,000 and has been on the Pasadena market for 191 days.

GeoCoordinates:
-118.133892
34.154532

List Price: $1,500,000

You are viewing the MLS property details of the home for sale at 803 E Villa St Pasadena, CA 91101, which includes 0 bedrooms, 0 bathrooms and has approximately 0 sq.ft. of living area.