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2359 E Villa St, Pasadena, CA 91107
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2359 E Villa St Pasadena, CA 91107

$1,549,000
  • 4 Beds
  • 4 Baths
  • 2,486 Sq.Ft.
For Sale
$1,549,000 Get Pre-Qualified
Map preview of 2359 E Villa St, Pasadena, CA 91107

Property Overview: 2359 E Villa St Pasadena, CA has 4 bedrooms, 4 bathrooms, 2,486 living square feet and 13,503 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: 2359-2365 East Villa Street presents a unique opportunity for rental income with exciting development potential. The property is situated on a 13,500 sq. ft. lot (100 ft. wide x 135 ft. deep) and includes two duplexes (1,264 sq. ft. each), a 700 sq. ft. garage, and a bonus utility room/storage, along with expansive open spaces for future enhancements. Pasadena has indicated the possibility of a lot split, potentially allowing via a variance the creation of two 50 ft. wide parcels, despite the usual 55 ft. street frontage zoning. This flexibility opens the door for an investor to explore remodeling the existing duplexes into single-family homes or starting fresh with new construction. Additional possibilities include adding ADUs and/or converting the garage into living space. With various options to enhance and maximize its value, this property allows investors to collect rental income during the planning phase. All development options mentioned, including lot splits, new home sites, ADUs, and/or conversions, would require city approval. However, with the right approach, this could be a highly rewarding investment opportunity.

Listed by Harout Khayalian | BRE #01237831 | Lucent Properties
Last checked: 8 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
13,503
HOA Dues
$0/mo
Year built
1941
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
PF24160855
City
Pasadena
County
Los Angeles
Time on Site
6 hours
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,610
  • Total Rent: $1,610
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,610
  • Total Rent: $1,610
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,610
  • Total Rent: $1,610
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,610
  • Total Rent: $1,610
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $77,280
  • Net Operating Income: $75,087
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,193
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $1,990
  • Water/Sewer: $0

Open Houses for 2359 E Villa St

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Property Details for 2359 E Villa St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5744020008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West of Altdena Drive
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Suburban, Urban
View more facts & features

Local Pasadena Agent

Sale History for 2359 E Villa St

View property's historical transactions

  • September, 2024

  • Sep 19, 2024

    Date

    Active

    CRMLS: PF24160855

    $1,549,000

    Price

Tax History for 2359 E Villa St

Assessed Value (2020): $274,078
Year Land Value Improved Value Assessed Value
2020 $82,216 $191,862 $274,078

Home Value Compared to the Market

This property vs the competition

2359 E Villa St is listed 23.92% 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 $623.09 per/sqft which puts the price per square foot 18.76% lower than the median price per square foot for the city of Pasadena.

About 2359 E Villa St

Detailed summary of property

2359 E Villa St is a fourplex located in Pasadena, CA 91107 and is currently for sale. This fourplex offers 4 bedrooms, 4 bathrooms, roughly 2,486 living square feet, and sits on an approximately 13,503 square foot lot. 2359 E Villa St was first listed on ArdentRealEstateGroup.com on September 19, 2024. The homeowner is currently asking $1,549,000. 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 23.92% higher than the median priced home. Local competing homes currently for sale include 709-713 E Villa St, 925 Atchison and 617 S Oak Knoll Ave. 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 2359 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 2359 E Villa St

Public county record property details
Beds
4
Baths
4
Year built
1941
Sq. Ft.
2,486
Lot Size
13,498
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
5744-020-008

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

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Pasadena Agent
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(714) 706-1823

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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.

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