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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.

Features
: Forced air, electric, Wall Furnace
: Electric
2
: Individual Room
0
Additional Information
Realty Investment Advisors, Inc.
0
CLW-C106183
CLW-X82128
Alexander
5745002037
: Standard
Multi/Split
32

Multi-Family For Sale

1998 Villa Street, Pasadena, California 91107

5,750 Sqft
$2,888,000
Listing ID #24413791
Basic Details
Status : Active
DaysOnMarket : 110
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24413791
Price : $2,888,000
Living Area : 5,750 Sqft
Lot Size : 9,417 Sqft
Year Built : 1935
Country : US
State : California
County : Los Angeles
City : Pasadena
Zipcode : 91107
Price Per Square Foot : $502
ModificationTimestamp : 2024-10-29 16:48:42
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