NOT LISTED FOR SALE

1135 E Villa St Pasadena, CA 91106

Northwest Pasadena Neighborhood

Estimated Value: $601,216

1 Bed
2 Baths
978 Sq Ft
$615/Sq Ft Est. Value

Last Sold October 01, 2018

Last sale price $470,000 $481 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,800/month

About This Home

As of October 2018

Prime corner property at the intersection of Villa Street and Mar Vista Avenue, in between Lake & Hill Street, one block north of the 210 Freeway. Tremendous future development opportunity, currently structures on the property include a corner retail market and and 1BD-1BA residential unit. Residential unit has one additional bedroom which may not be permitted. (Please check with city for building permits).Current multi-tenant mixed use property with tremendous future development opportunity for multifamily residential. RM-32 Zoning with, possible 4 units can be developed at property. Please verify all uses and potential development possibilities with the City of Pasadena.HUGE RENTAL UPSIDE. Long term tenants currently occupying the property. Residential unit at the property is currently leased month to month while the commercial retail unit has 4 years remaining on the lease. Residential unit paying $600/mo and commercial unit paying $725/mo starting 9/1/2018 for a total annual income of $15,900 annually. Projected market rents with renovations to the residential unit could bring in $2,000 +/- per month for projected $32,700 annual gross income.

Last Agent to Sell the Property

Michael Dostalek

A1 West Commercial Real Estate License #01343641 Listed on: 07/27/2018

Last Buyer's Agent

Mike Dostalek

A1 West Commercial Real Estate License #01343641

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,594

Year Built

  • Built in 1908

Lot Details

  • 6,260

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Additional Features

  • 1-Story Property
  • 6,260 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 5732010030

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,594

Year Built

Built in 1908

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: RM-32
  • Property Type: Residential Income
  • Parcel Number: 5732010030
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Levels: One

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6260.00
  • Lot Size Acres: 0.1400

Multi Family

  • Lot Size Area: 6260.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2018
Closed on
Sep 14, 2018
Sold by
Alvarez Ana L
Bought by
Alvarez Sergio S and The Sergio And Ana Alvarez 200
Seller's Agent
Michael Dostalek
A1 West Commercial Real Estate
Buyer's Agent
Mike Dostalek
A1 West Commercial Real Estate
List Price
$549,000
Sold Price
$470,000
Premium/Discount to List
-$79,000
-14.39%
Current Estimated Value
$601,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,216
Avg. Annual Appreciation
3.59%

Purchase Details

Listed on
Jul 27, 2018
Closed on
Sep 5, 2018
Sold by
Alvarez Sergio S
Bought by
Owainat Properties Llc
Seller's Agent
Michael Dostalek
A1 West Commercial Real Estate
Buyer's Agent
Mike Dostalek
A1 West Commercial Real Estate
List Price
$549,000
Sold Price
$470,000
Premium/Discount to List
-$79,000
-14.39%

Purchase Details

Closed on
Nov 26, 2001
Sold by
Alvarez Sergio A and Alvarez Ana L
Bought by
Alvarez Sergio A
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Owainat Properties Llc $470,000 Provident Title Company
Alvarez Sergio A -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2018 10/01/18 Sold $470,000 -14.4% $481 / Sq Ft
07/27/2018 07/27/18 For Sale $549,000 -- $561 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,594 $524,289 $412,739 $111,550
2024 $6,594 $514,010 $404,647 $109,363
2023 $6,532 $503,932 $396,713 $107,219
2022 $6,216 $494,052 $388,935 $105,117
2021 $5,963 $484,365 $381,309 $103,056
2019 $5,753 $470,000 $370,000 $100,000
2018 $978 $23,648 $19,362 $4,286
2017 $890 $23,185 $18,983 $4,202
2016 $857 $22,731 $18,611 $4,120
2015 $842 $22,391 $18,332 $4,059
2014 $842 $21,953 $17,973 $3,980
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Michael Dostalek

    A1 West Commercial Real Estate

  • Mike Dostalek

    Buyer's Agent in 2018

    Mike Dostalek

    A1 West Commercial Real Estate

    (626) 862-3903

    1 Total Sale

    Mike Dostalek
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-818003713

Pasadena-Foothills Association of REALTORS®

APN: 5732-010-030

California Los Angeles County Pasadena 91106 Northwest Pasadena

1135 E Villa St, Pasadena, CA

This home is located at 1135 E Villa St, Pasadena, CA 91106 since 27 July 2018 and is currently estimated at $601,216, approximately $614 per square foot. This property was built in 1908. 1135 E Villa St is a home located in Los Angeles County with nearby schools including Charles W. Eliot Arts Magnet Academy, Pasadena High School, and Southwestern Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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