$1,449,000
2359 E Villa ST Pasadena, CA 91107
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$1,449,000
Est. payment /mo
0.31 Acres Lot
Price Dropped by $100K
2359 E Villa ST Pasadena, CA 91107
UPDATED:
10/17/2024 04:05 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF24160855
HOA Y/N No
Year Built 1941
Lot Size 0.310 Acres
Property Description
2359-2365 East Villa Street presents a unique opportunity for rental income with exciting development potential. The property sits 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/storage room, along with expansive open space for future enhancements.
There is the potential for a lot split, providing an investor with a variety of development options, such as remodeling the existing duplexes, creating new single-family homes, or starting fresh with new construction. Additional possibilities include adding ADUs or converting the garage into living space.
All development options, including lot splits, new home sites, and ADU conversions, will require city approval. With the right approach, this property offers the potential for a highly rewarding investment, allowing for rental income during the planning phase.
There is the potential for a lot split, providing an investor with a variety of development options, such as remodeling the existing duplexes, creating new single-family homes, or starting fresh with new construction. Additional possibilities include adding ADUs or converting the garage into living space.
All development options, including lot splits, new home sites, and ADU conversions, will require city approval. With the right approach, this property offers the potential for a highly rewarding investment, allowing for rental income during the planning phase.
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Zoning PSR6
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Suburban, Sidewalks, Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5744020008
Acceptable Financing Cash, Cash to Existing Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Conventional
Special Listing Condition Standard
Listed by Harout Khayalian • Lucent Properties • 626-390-2544
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