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$2,888,000

Est. payment - /mo

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8 BD

9 BA

5,750 SqFt

Price Dropped by $112K

1998 E Villa ST Pasadena, CA 91107

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/29/2024 11:49 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,750 sqft

Price per Sqft $502

MLS Listing ID 24413791

Bedrooms 8

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1935

Lot Size 9,417 Sqft

Property 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.

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Zoning PSC-

Rooms

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Heating Electric, Forced Air, Wall Furnace

Cooling Electric

Fireplace No

Appliance Dishwasher, Microwave, Range, Refrigerator

Laundry Laundry Room

Exterior

Garage Driveway

Pool None

Parking Type Driveway

Total Parking Spaces 7

Private Pool No

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5745002037

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Financing Cash

Special Listing Condition Standard

Listed by Alexander Metaxas • Realty Investment Advisors, Inc.

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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