$1,450,000
SOLD OCT 23, 2024
3 Beds
3 Baths
-- Sq Ft
10,750 Sq Ft Lot

Recently Sold

3% Below List Price

39 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Floor Furnace
  • John Muir High School Rated A-
  • Laundry Room
  • 2 Car Garage

About This Home

As of October 2024

709 E Villa St is a prime triplex income property in the heart of Pasadena, offering a workshop (321 sqft) and two-car garage (332 sqft) with potential for ADU conversion. The front unit #709 is (662 sqft) with 1 bed, 1 bath, living room, and kitchen with dining area, with a potential rental income of $2,500/month. The middle unit #711 is (693 sqft), also with 1 bed, 1 bath, and a laundry room, with potential income of $2,500/month. The back unit #713 is (830 sqft) with 1 bed, a den, living room, kitchen, and dining room, with potential income of $3,200/month. The property offers an excellent opportunity for owner-occupancy in one unit while renting out the others. Located minutes from Old Town Pasadena's dining, shopping, and cultural scene, with easy access to freeways and public transportation, this property is situated in a quiet neighborhood near parks, schools, and amenities. A fantastic investment in a strong rental market.

Last Agent to Sell the Property

Shanshan Lin

COMPASS License #01900299 Listed on: 09/09/2024

COMPASS

Co-Listed By

Vance Weisbruch

COMPASS License #01118869

Last Buyer's Agent

Unknown Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,638

Year Built

  • Built in 1931

Lot Details

  • 10,750 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • Fireplace
  • Wood Flooring

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Floor Furnace
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot 4622
  • Assessor Parcel Number 5731017010

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,000
  • Operating Expense $7,661
  • Gross Income $98,400
  • Net Operating Income $7,661

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,638

Year Built

Built in 1931

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: No
  • Zoning: PSR1
  • Property Type: Residential Income
  • Parcel Number: 5731017010
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Water Heater, Gas Range, Gas Oven
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Washer Hookup

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10750.00
  • Lot Size Acres: 0.2468

Multi Family

  • Gross Income: 98400.00
  • Gross Scheduled Income: 98400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 10750.0000 Square Feet
  • Net Operating Income: 7661.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 4
  • Operating Expense: 7661.00
  • Rent Control: Yes
  • Total Expenses: 7661.00

Tax Info

  • Tax Lot: 4622

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Oct 9, 2024
Sold by
Oakley Linda L
Bought by
French Rivera Llc
Seller's Agent
Shanshan Lin
COMPASS
Buyer's Agent
Unknown Member
List Price
$1,488,000
Sold Price
$1,450,000
Premium/Discount to List
-$38,000
-2.55%
Views
35
Current Estimated Value
$1,465,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,170
Avg. Annual Appreciation
0.77%

Purchase Details

Listed on
Sep 9, 2024
Closed on
Oct 2, 2024
Sold by
Oakley Dallas D
Bought by
Oakley Linda L
Seller's Agent
Shanshan Lin
COMPASS
Buyer's Agent
Unknown Member
List Price
$1,488,000
Sold Price
$1,450,000
Premium/Discount to List
-$38,000
-2.55%
Views
35
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,450,000 Lawyers Title
Quit Claim Deed -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 Credit Line Revolving
Previous Owner $250,000 Credit Line Revolving
Previous Owner $250,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Sold $1,450,000 -2.6% --
10/18/2024 10/18/24 Pending -- -- --
09/08/2024 09/08/24 For Sale $1,488,000 -- --
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 $1,638 $1,450,000 $942,000 $508,000
2024 $1,638 $67,723 $22,087 $45,636
2023 $1,621 $66,396 $21,654 $44,742
2022 $1,579 $65,095 $21,230 $43,865
2021 $1,518 $63,819 $20,814 $43,005
2020 $1,485 $63,166 $20,601 $42,565
2019 $1,482 $61,929 $20,198 $41,731
2018 $1,386 $60,715 $19,802 $40,913
2016 $1,301 $58,359 $19,034 $39,325
2015 $1,284 $57,484 $18,749 $38,735
2014 $1,290 $56,359 $18,382 $37,977
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-19145

Pasadena-Foothills Association of REALTORS®

APN: 5731-017-010