Seller's Agent in 2022
Doresa Wang
Pinnacle Real Estate Group
(626) 877-6866
1 in this area
22 Total Sales
1830 E Villa St Pasadena, CA 91107
Casa Grande Neighborhood
5
Beds
5
Baths
3,520
Sq Ft
7,517
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- 3-minute walk to Allen Station
- Front Yard
- Pasadena High School Rated A
- Laundry Room
About This Home
As of February 2022Motivated seller, submit your reasonable offer. Excellent investment opportunity in the heart of Pasadena, a two story apartment with total eight units, all one bedroom and one bathroom. Cap rate is 5.26% and gross multiplier is 14.26. Great cash flow. Each unit is around 440 Sqft, smaller than regular one bedroom apartment but it has a high rental demand. Purchase price is less than $250K per unit. Four carports plus four parking spaces. Individual hot water boilers, all changed within 5 years. All units have individual electrical and gas meters, updated kitchen countertops and cabinets, updated bathtubs and toilets, copper plumbing; well-maintained included the roof, deck, and stairway. On-site laundry, washers and dryers owned by seller to generate an extra income. Located in a nice neighborhood, close to Freeway 210. Very convenient to either daily life or various entertaining activities with Pasadena’s dynamic SoCal lifestyle. Such an attractive real estate to own! Drive by only, please don’t disturb tenants, offer subject to interior inspection. Contact listing broker for offering memorandum.
Last Agent to Sell the Property
Pinnacle Real Estate Group License #01523172 Listed on: 07/21/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 7,517 Sq Ft Lot
- Two or More Common Walls
- Front Yard
Home Design
- 3,520 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
Parking
- 4 Open Parking Spaces
- 8 Parking Spaces
- 4 Carport Spaces
- Parking Available
- Driveway
- Parking Lot
Utilities
- Cooling System Mounted To A Wall/Window
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 7592
- Assessor Parcel Number 5745001025
Community Details
Building Details
- 8 Leased Units
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $80
- Fuel Expense $180
- Insurance Expense $1,600
- Maintenance Expense $1,200
- Trash Expense $2,076
- Water Sewer Expense $4,000
- New Taxes Expense $22,800
- Operating Expense $31,936
- Gross Income $130,086
- Net Operating Income $99,950
Additional Features
- 8 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/07/2022 02/07/22 | Sold | $1,875,000 | -1.3% | $533 / Sq Ft |
| 11/30/2021 11/30/21 | For Sale | $1,900,000 | +1.3% | $540 / Sq Ft |
| 10/30/2021 10/30/21 | Off Market | $1,875,000 | -- | -- |
| 10/20/2021 10/20/21 | Price Changed | $1,900,000 | -2.6% | $540 / Sq Ft |
| 10/10/2021 10/10/21 | For Sale | $1,950,000 | +4.0% | $554 / Sq Ft |
| 09/09/2021 09/09/21 | Off Market | $1,875,000 | -- | -- |
| 08/09/2021 08/09/21 | Price Changed | $1,950,000 | -1.5% | $554 / Sq Ft |
| 07/21/2021 07/21/21 | For Sale | $1,980,000 | -- | $563 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $23,011 | $1,989,765 | $795,906 | $1,193,859 |
| 2024 | $23,011 | $1,950,750 | $780,300 | $1,170,450 |
| 2023 | $22,821 | $1,912,500 | $765,000 | $1,147,500 |
| 2022 | $12,061 | $958,852 | $656,753 | $302,099 |
| 2021 | $11,583 | $940,052 | $643,876 | $296,176 |
| 2020 | $11,155 | $932,054 | $637,274 | $294,780 |
| 2019 | $11,172 | $913,812 | $624,779 | $289,033 |
| 2018 | $11,283 | $895,927 | $612,529 | $283,398 |
| 2016 | $10,899 | $859,563 | $588,745 | $270,818 |
| 2015 | $10,774 | $846,653 | $579,902 | $266,751 |
| 2014 | $10,599 | $830,069 | $568,543 | $261,526 |
Source: Public Records
Agents Affiliated with this Home
-
Doresa Wang
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS21159927
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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