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803 E VILLA Street, Pasadena, CA 91101
3
beds
3
baths
3360
ft2
· 13222
ft2 lot
$1,500,000
$446 / ft2
Listing provided courtesy of Roderick 'Rick' Raymundo, Marcus & Millichap.
Source CRMLS.
The Craftsman-style property sits just three blocks from the Pasadena Playhouse District, and one mile from Old Town Pasadena, allowing tenants convenient access to some of the more vibrant shopping and dining areas in the city. Current rents sit far below the market rates in the area, allowing a new investor the potential to capitalize on the approximately 76% rent upside. Originally constructed in 1905, the building features many of the character accents often associated with iconic Pasadena Craftsman-style properties, including decorative windows, a covered front porch, overhanging eaves, exposed beams, fireplaces, and a pitched roof. There is ample parking, including individual garages, and the building is not on the seismic retrofit list (Buyer to verify). Tenants are within easy walking distance of the Metro Gold Line, with the Lake Avenue station just one block away. The Hat, known for its "World Famous Pastrami" sandwiches, is just three parcels east of the building.
HOA
$—/month
On market
1 year
Year built
1905
Property type
Multi-Family
Parking
MLS
20564618
Price / Sq.Ft.
$446 / ft2
Status
Active
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Property Details
Interior Features & Layout
Interior Size
•   
Building Area Total: 3360.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned
Lot Info
•   
Zoning: PSR1
•   
Lot Size Area: 13222.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 5
Building Info
•   
Stories Total: 2
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 115440.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 32337.00
•   
Gross Multiplier: 12.99
Tax/Assessment Info
•   
Gross Income: 111977.00
•   
Tax Year: 2020
•   
Taxes: 2000.0
Lease Info
•   
Net Operating Income: 79640.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1300.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1300.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1125.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 3
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 3375.00
Multi Unit Information
•   
# Of Units: 13
Unit 1 Information
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 780.00
•   
Unit 1 Total Rent: 780.00
School Neighborhood & Directions
Location
•   
Directions: **CAP and GRM are based on Pro Forma rents **We are pleased to announce the sale of 803 E Villa Street, a 5-unit multifamily property on a spacious 13, 221 square foot lot in Pasadena, CA.
Other
Calculation
•   
Dom: 287
•   
Cdom: 287
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 19, 2021 2:23pm
Neighborhood snapshot
33
Properties for sale
23
Median days on market
$548.88
Median sold price/sqft
101.95%
Sold/List %
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Property History
03/16/2020
03/16/2020
CRMLS #20564618
active
CRMLS #20564618
$1,500,000
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