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    1830 E Villa Street

    Pasadena, CA 91107
    • $1,980,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: WS21159927
    New On Site 5 Days Ago
    UPDATED: 85 min ago
    $1,980,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    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% and gross multiplier is 15. Great cash flow with stable tenants, four carports plus four parking spaces. Individual hot water boilers, all changed within 3 years. All units have individual electrical and gas meters, updated kitchen countertops and cabinets, updated bathtubs and toilets; well-maintained included the roof, deck, and stairway. On-site laundry with 2 washers and 2 dryers, own 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-26T17:35:13.06. 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: $1,980,000
    • Status: Active
    • Updated: 85 min ago
    • 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
    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% and gross multiplier is 15. Great cash flow with stable tenants, four carports plus four parking spaces. Individual hot water boilers, all changed within 3 years. All units have individual electrical and gas meters, updated kitchen countertops and cabinets, updated bathtubs and toilets; well-maintained included the roof, deck, and stairway. On-site laundry with 2 washers and 2 dryers, own 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.
    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 Common Interest Community Apartment Community Features Sidewalks Electric Expense 80 Fuel Expense 180 Garage YN No Gross Income 132065 Gross Scheduled Income 131460 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 98179 New Construction YN No New Taxes Expense 24750 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 10955 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 2021-07-26T17:35:13.06. 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