Search
1998 E Villa St, Pasadena, CA 91107
Image 2 for 1998 E Villa St, Pasadena, CA 91107
Image 3 for 1998 E Villa St, Pasadena, CA 91107
View Photos

1998 E Villa St Pasadena, CA 91107

$3,000,000
  • 8 Beds
  • 9 Baths
  • 5,750 Sq.Ft.
For Sale
$3,000,000 Get Pre-Qualified
Map preview of 1998 E Villa St, Pasadena, CA 91107

Property Overview: 1998 E Villa St Pasadena, CA has 8 bedrooms, 9 bathrooms, 5,750 living square feet and 9,417 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 5.36% CAP, 12.70 GRM ON CURRENT RENTS!! REMODELED KITCHENS AND BATHROOMS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, TANKLESS WATER HEATERS, MINI-SPLIT & CENTRAL AC SYSTEMS, WOOD FLOORS, NO Soft-Story Retrofit. We are pleased to present this 9-unit architectural gem of a property. 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.

Listed by Alexander Metaxas | BRE #01784652 | Realty Investment Advisors, Inc.
Co-listed by Benjamin J. Hsiang | BRE #01438644 | Realty Investment Advisors, Inc.
Last checked: 12 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 67

Home details

Lot Sq. Ft
9,417
HOA Dues
$0/mo
Year built
1935
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24413791
City
Pasadena
County
Los Angeles
Time on Site
70 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $4,300
  • Pro Forma/Market Rent: $4,300
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,808
  • Total Rent: $7,233
  • Pro Forma/Market Rent: $7,580
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $8,102
  • Pro Forma/Market Rent: $8,925
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.34%
  • Gross Rent Multiplier: 12.73
  • Gross Scheduled Income: --
  • Net Operating Income: $160,318
  • Gross Operating Income: $229,192
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1998 E Villa St

No upcoming open houses

Schedule Tour

Property Details for 1998 E Villa St

Interior Features
Cooling Information
  • Has Cooling
  • Electric
Heating Information
  • Has Heating
  • Forced Air, Electric, Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator, Range
Interior Features
  • Levels: Multi/Split
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 5745002037
  • Year Built Source: Assessor
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Head east on Villa St, property on south side of Villa, one block east of Allen.
View more facts & features

Local Pasadena Agent

Sale History for 1998 E Villa St

Last sold for $2,000,000 on January 7th, 2015

  • July, 2024

  • Jul 10, 2024

    Date

    Active

    CRMLS: 24413791

    $3,000,000

    Price

  • January, 2015

  • Jan 7, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,000,000

    Price

Show More

Tax History for 1998 E Villa St

Assessed Value (2020): $1,736,769
Year Land Value Improved Value Assessed Value
2020 $1,043,990 $692,779 $1,736,769

Home Value Compared to the Market

This property vs the competition

1998 E Villa St is listed 140% higher than the median list price for the city of Pasadena which has a median list price of $1,250,000. The median price per/sqft for Pasadena is $767 and this home is listed at $521.74 per/sqft which puts the price per square foot 31.98% lower than the median price per square foot for the city of Pasadena.

About 1998 E Villa St

Detailed summary of property

1998 E Villa St is a multi family located in Pasadena, CA 91107 and is currently for sale. This multi family property offers 8 bedrooms, 9 bathrooms, roughly 5,750 living square feet, and sits on an approximately 9,417 square foot lot. 1998 E Villa St was first listed on ArdentRealEstateGroup.com on July 11, 2024. The homeowner is currently asking $3,000,000. The median priced home in Pasadena is $1,250,000 with a median price per square foot of $767. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 140% higher than the median priced home. Local competing homes currently for sale include 3235 Andrita St, 234 N Chicago St and 138 N Soto St. While the average home in Pasadena, CA is selling in 56 days, 1998 E Villa St has a days on market of 67 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 1998 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 1998 E Villa St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
5,750
Lot Size
9,414
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
60
APN
5745-002-037

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%)

Tour This Home

Image Description
Contact Jon
Pasadena Agent
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1998 E Villa St

Nearby Homes for Sale

147 N Michigan Ave, Pasadena, CA 91106
$3,500,000
13 Beds
12 Baths
6050 Sq.Ft.
147 N Michigan Ave
Pasadena, CA 91106
664 Mira Monte Pl, Pasadena, CA 91101
$3,400,000
6 Beds
9 Baths
0 Sq.Ft.
664 Mira Monte Pl
Pasadena, CA 91101
142 S El Molino Ave, Pasadena, CA 91101
$2,525,000
6 Beds
7 Baths
5103 Sq.Ft.
142 S El Molino Ave
Pasadena, CA 91101
306 E California Blvd, Pasadena, CA 91106
$3,500,000
8 Beds
6 Baths
5803 Sq.Ft.
306 E California Blvd
Pasadena, CA 91106
5243 Huntington Dr, Los Angeles, CA 90032
$2,500,000
18 Beds
5 Baths
4704 Sq.Ft.
5243 Huntington Dr
Los Angeles, CA 90032
Open Sat 1pm-4pm
3850 Glenalbyn Dr, Los Angeles, CA 90065
$2,595,000
5 Beds
7 Baths
2699 Sq.Ft.
3850 Glenalbyn Dr
Los Angeles, CA 90065
3650 Eagle Rock Blvd, Los Angeles, CA 90065
$2,700,000
0 Beds
0 Baths
4236 Sq.Ft.
3650 Eagle Rock Blvd
Los Angeles, CA 90065
1943 Hancock St, Los Angeles, CA 90031
$2,780,000
14 Beds
12 Baths
6454 Sq.Ft.
1943 Hancock St
Los Angeles, CA 90031

Recently Sold Homes Near 1998 E Villa St

2007 E Villa St, Pasadena, CA 91107
$1,570,000 Last Sold Price
5 Beds
4 Baths
3349 Sq.Ft.
2007 E Villa St
Pasadena, CA 91107
494 N Craig Ave, Pasadena, CA 91107
$1,321,000 Last Sold Price
3 Beds
1 Baths
-- Sq.Ft.
494 N Craig Ave
Pasadena, CA 91107
1830 E Villa St, Pasadena, CA 91107
$1,875,000 Last Sold Price
8 Beds
8 Baths
3520 Sq.Ft.
1830 E Villa St
Pasadena, CA 91107
290 N Oak Ave, Pasadena, CA 91107
$828,000 Last Sold Price
4 Beds
2 Baths
1408 Sq.Ft.
290 N Oak Ave
Pasadena, CA 91107

Related Resources to 1998 E Villa St

New Listings in 91107
Popular Zip Codes
Popular Cities
Other Pasadena Resources

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.

Call