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1830 E Villa Street

Pasadena, CA 91107
  • $1,900,000
  • STATUS: Active
  • ON SITE: 91 Days
  • ID#: WS21159927
Price Reduced
$1,900,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Description

Motivated seller, submit your reasonable offer. Excellent investment opportunity in the heart of Pasadena, a two story apartment with total eight units, all one bedroom and one bathroom. Cap rate is 5.26% and gross multiplier is 14.26. Great cash flow. Each unit is around 440 Sqft, smaller than regular one bedroom apartment but it has a high rental demand. Purchase price is less than $250K per unit. Four carports plus four parking spaces. Individual hot water boilers, all changed within 5 years. All units have individual electrical and gas meters, updated kitchen countertops and cabinets, updated bathtubs and toilets, copper plumbing; well-maintained included the roof, deck, and stairway. On-site laundry, washers and dryers owned by seller to generate an extra income. Located in a nice neighborhood, close to Freeway 210. Very convenient to either daily life or various entertaining activities with Pasadenas dynamic SoCal lifestyle. Such an attractive real estate to own! Drive by only, please dont disturb tenants, offer subject to interior inspection. Contact listing broker for offering memorandum.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-21T00:26:56.59. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/119559470
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1830 E Villa Street Pasadena, CA 91107

  • Price: $1,900,000
  • Status: Active
  • ID#: WS21159927
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1954
Built
Neighborhood:
646 - Pasadena (NE)
County:
Los Angeles
Area:
646 - Pasadena (NE)
Property Description
Motivated seller, submit your reasonable offer. Excellent investment opportunity in the heart of Pasadena, a two story apartment with total eight units, all one bedroom and one bathroom. Cap rate is 5.26% and gross multiplier is 14.26. Great cash flow. Each unit is around 440 Sqft, smaller than regular one bedroom apartment but it has a high rental demand. Purchase price is less than $250K per unit. Four carports plus four parking spaces. Individual hot water boilers, all changed within 5 years. All units have individual electrical and gas meters, updated kitchen countertops and cabinets, updated bathtubs and toilets, copper plumbing; well-maintained included the roof, deck, and stairway. On-site laundry, washers and dryers owned by seller to generate an extra income. Located in a nice neighborhood, close to Freeway 210. Very convenient to either daily life or various entertaining activities with Pasadenas dynamic SoCal lifestyle. Such an attractive real estate to own! Drive by only, please dont disturb tenants, offer subject to interior inspection. Contact listing broker for offering memorandum.
Exterior Features

Carport Spaces 4 Carport YN Yes Lot Features Front Yard Number Of Separate Electric Meters 9 Open Parking Spaces 4 Parking Features CarportDrivewayOne Space Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes

Property Features

Additional Parcels YN No Cap Rate 5.26 Common Interest Community Apartment Community Features Sidewalks Electric Expense 80 Fuel Expense 180 Garage YN No Gross Income 130086 Gross Scheduled Income 131400 Insurance Expense 1600 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 1200 Net Operating Income 99950 New Construction YN No New Taxes Expense 22800 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 9136 Possession Close Of Escrow Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Total Actual Rent 10950 Trash Expense 2076 Vacancy Allowance Rate 1 Water Sewer Expense 4000 Water Source Public Zoning Psr1

Listing provided courtesy of Doresa Wang of Treeline Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-21T00:26:56.59. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101