1830 E Villa St, Pasadena, CA 91107
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1830 E Villa St Pasadena, CA 91107

$1,875,000 Sold Price as of 02/07/2022
  • 8 Beds
  • 8 Baths
  • 3,520 Sq.Ft.
Sold
$1,875,000 Sold Price as of 02/07/2022 Refinance Your Mortgage

Map preview of 1830 E Villa St, Pasadena, CA 91107

Property Overview: 1830 E Villa St Pasadena, CA has 8 bedrooms, 8 bathrooms, 3,520 living square feet and 7,517 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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 Pasadena’s dynamic SoCal lifestyle. Such an attractive real estate to own! Drive by only, please don’t disturb tenants, offer subject to interior inspection. Contact listing broker for offering memorandum.

Listed by DORESA WANG | BRE #01523172 | TREELINE REALTY
Last checked: 6 minutes ago | Last updated: August 9th, 2023 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
7,517
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
WS21159927
City
Pasadena
County
Los Angeles
Time on Site
1155 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,345
  • Total Rent: $5,380
  • Pro Forma/Market Rent: $5,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,370
  • Total Rent: $1,370
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.26%
  • Gross Rent Multiplier: 14.26
  • Gross Scheduled Income: $131,400
  • Net Operating Income: $99,950
  • Gross Operating Income: $130,086
  • Laundry Income: $1,800
Annual Expense Breakdown
  • Total Operating Expense: $9,136
  • Electric: $80
  • Gas/Fuel: $180
  • New Taxes: $22,800
  • Trash: $2,076
  • Insurance: $1,600
  • Maintenance: $1,200
  • Professional Management: $0
  • Water/Sewer: $4,000

Property Details for 1830 E Villa St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport, Driveway, Parking Space
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5745001025
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Allen Ave cross Villa St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 1830 E Villa St

Last sold for $1,875,000 on February 7th, 2022
  • November, 2021

  • Nov 30, 2021

    Date

    Active Under Contract

    CRMLS: WS21159927

    $1,900,000

    Price

  • Oct 20, 2021

    Date

    Price Change

    CRMLS: WS21159927

    $1,900,000

    Price

  • Sep 9, 2021

    Date

    Hold

    CRMLS: WS21159927

    $1,950,000

    Price

  • Aug 9, 2021

    Date

    Price Change

    CRMLS: WS21159927

    $1,950,000

    Price

  • Jul 22, 2021

    Date

    Active

    CRMLS: WS21159927

    $1,980,000

    Price

  • June, 2021

  • Jun 2, 2021

    Date

    Canceled

    CRMLS: 21713450

    $1,950,000

    Price

  • May 3, 2021

    Date

    Active

    CRMLS: 21713450

    $1,950,000

    Price

  • May 1, 2021

    Date

    Pending

    CRMLS: 21713450

    $1,950,000

    Price

  • Apr 2, 2021

    Date

    Active

    CRMLS: 21713450

    $1,950,000

    Price

  • Apr 1, 2021

    Date

    Coming Soon

    CRMLS: 21713450

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2021

  • Mar 31, 2021

    Date

    Canceled

    CRMLS: 21689894

    $1,950,000

    Price

  • Mar 31, 2021

    Date

    Active

    CRMLS: 21689894

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    Drive by only don't disturb tenants

  • March, 2005

  • Mar 16, 2005

    Date

    Sold (Public Records)

    Public Records

    $730,000

    Price

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Tax History for 1830 E Villa St

Assessed Value (2020): $932,054
Year Land Value Improved Value Assessed Value
2020 $637,274 $294,780 $932,054

Home Value Compared to the Market

This property vs the competition

1830 E Villa St sold on February 7, 2022 for 58.33% higher than the current median sold price for the city of Pasadena which is $1,200,000. The median sold price per/sqft for Pasadena is $781 and this home is sold at $539.77 per/sqft which puts the price per square foot 30.89% lower than the current median sale per square foot for the city of Pasadena.

About 1830 E Villa St

Detailed summary of property

1830 E Villa St is a multi family that recently sold in Pasadena, CA 91107. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 3,520 living square feet, and sits on an approximately 7,517 square foot lot. 1830 E Villa St was first listed on ArdentRealEstateGroup.com on July 22, 2021. The homeowner sold the property for $1,875,000. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 58.33% higher than the current median priced home. Local homes that are currently for sale include 5150 Ithaca Ave, 2472 N Eastern Ave and 4914 Mendota Ave. While the average home in Pasadena, CA is selling in 56 days, 1830 E Villa St has a days on market of 70 days. There are currently 335 homes for sale in the Pasadena real estate market and 179 of them are single family homes while 119 of them are condos and 37 are townhomes. For more information on this home for sale at 1830 E Villa St Pasadena, CA 91107 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1830 E Villa St

Public county record property details
Beds
8
Baths
8
Year built
1954
Sq. Ft.
3,520
Lot Size
7,516
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,3
APN
5745-001-025

The source for these homes facts are from public records.

91107 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$741
Median Sold Price
$1,320,000
Median Sold Price/Sq.Ft.
$707
Total Inventory
72
Median Sale to List Price %
105.6%
Avg Days on Market
34
Loan Type
Conventional (48.15%), FHA (0%), VA (3.7%), Cash (25.93%), Other (14.81%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.