1998 E Villa Street
Pasadena, CA 91107
$112,000.00 (-3.73%)
Active for $2,888,000
Beds: 8 Baths: 9 Structure Size: 5,750 sqft Lot Size: 9,417 sqft
| MLS | 24413791 |
| Year Built | 1935 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $2,888,000 |
| Structure Size | 5,750 sqft |
| Lot Size | 9,417 sqft |
| Beds | 8 |
| Baths | 9 |
Description
5.67% CAP, 12.15 GRM ON CURRENT RENTS! REMODELED UNITS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, TANK-LESS WATER HEATERS, MINI-SPLIT & CENTRAL AC SYSTEMS, ROOFS UPDATED, A TON OF ATTENTION TO DETAIL IN REMODELS. NO Soft-Story Retrofit. We are pleased to present this 9-unit apartment that will yield a solid return for the new buyer. The property has been very thoughtfully updated offer modern comfort and convenience all while preserving the original character and charm that so many appreciate and seek out in a property. The unit mix consists of Three 2 Bed + 1 bath units; Two 1 Bed + 1 bath units and Four Studio + 1 bath units. Couple the retro and timeless look of this property with being surrounded by single family homes and it makes sense why it features high occupancy with high rents. There are currently six on-site, parking spaces and property is separately metered for gas and electricity. A well updated, meticulously managed by the ownership and still has upside growth and potential for a new owner make this an investment not to pass up. PLEASE DO NOT DISTURB THE TENANTS.
Listing information courtesy of: Alexander Metaxas, Realty Investment Advisors, Inc. 626-313-4901. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Jon Javier Otworth
REALTOR®
Direct: 818.564.5062
Email: Email Me
DRE: 01491726
DRE #01873088
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