NOT LISTED FOR SALE

302 E Villa St Pasadena, CA 91101

Northwest Pasadena Neighborhood
6 Beds
6 Baths
2,699 Sq Ft
7,101 Sq Ft Lot

Last Sold April 20, 2015

Last sale price $595,000 $220 Per Sq Ft

15 Days on Market

About This Home

As of April 2015

PRICE JUST REDUCED TO $599,000! WE ARE PLEASED TO PRESENT FOR SALE 6 UNITS IN PASADENA.THE PROPERTY IS COMPRISED OF TWO SEPARATE STRUCTURES. THE FIRST MAIN STRUCTURE IS COMPRISED OF (ONE) 2 BEDROOM 1 BATH, (TWO) 1 BEDROOM 1 BATH, (ONE) STUDIO, AND (ONE) N/C 1 BEDROOM 1 BATH UNIT. THE SECOND STRUCTURE IS COMPRISED OF A DETACHED 1 BEDROOM 1 BATH UNIT. THE PROPERTY REQUIRES MAINTENANCE AND REPAIRS. PROPERTY IS TO BE SOLD "AS-IS". CASH BUYER'S PREFERRED. THE PROPERTY PRESENTS A GREAT OPPORTUNITY FOR AN INVESTOR TO ADD VALUE. PROPERTY IS IDEAL FOR SOMEONE WITH A CONTRACTOR OR CONSTRUCTION BACKGROUND. CURRENTLY THE RENTS OF THE PROPERTY ARE WELL UNDER-MARKET AND OFFER A NEW INVESTOR THE OPPORTUNITY TO INCREASE RENTS ABOUT 60% IN THIS NON-RENT CONTROLLED MARKET. WITH MARKET RENTS IN PLACE THE PROPERTY WILL ASCERTAIN A 8.43% CAP RATE AND AN 8.05 GRM.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 03/09/2015

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 03/09/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 7,101 Sq Ft Lot

Parking

  • 2 Car Garage
  • Driveway

Interior Spaces

  • 2,699 Sq Ft Home
  • 2-Story Property

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5725-031-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 2699
  • Stories: 2
  • Year Built: 1911
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 221.93

Exterior Features

  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Driveway - Concrete
  • Total Parking: 4

Utilities

  • Water Expense: 3600.00

Fee Information

  • Gas Expense: 240.00
  • Insurance Expense: 2699.00
  • Maintenance Expense: 1734.00
  • Trash Expense: 2400.00

Lot Info

  • Assessed Improvement Value: 80602
  • Assessed Land Value: 195161
  • Assessor Parcel Number: 5725-031-005
  • Geocode Override: No
  • Lot Size Area: 7101

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 13.40
  • Number Of Units: 6
  • Rent Control: 0
  • Type Of Units: apt

Tax Info

  • Tax Expense: 7598.00

MLS Schools

  • School District: Pasadena Unified
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2015 04/20/15 Sold $595,000 -0.7% $220 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
03/09/2015 03/09/15 For Sale $599,000 -- $222 / Sq Ft
Source: The MLS

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 $8,908 $715,088 $600,920 $114,168
2024 $8,908 $701,068 $589,138 $111,930
2023 $8,833 $687,323 $577,587 $109,736
2022 $8,545 $673,847 $566,262 $107,585
2021 $8,207 $660,635 $555,159 $105,476
2020 $7,810 $654,662 $549,467 $105,195
2019 $7,823 $641,843 $538,694 $103,149
2018 $7,910 $629,275 $528,132 $101,143
2016 $7,635 $604,073 $507,625 $96,448
2015 $4,022 $281,272 $199,060 $82,212
2014 $3,978 $275,763 $195,161 $80,602
Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2015

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    1 in this area

    60 Total Sales

    Shant Sherbetdjian
    Section Image
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Map

Source: The MLS

MLS Number: 15-884637

The MLS
California Los Angeles County Pasadena 91101 Northwest Pasadena

302 E Villa St, Pasadena, CA

Not Listed for Sale

MultiFamily

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