1056 E VILLA Street, Pasadena, CA 91106

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Glen Henderson

[email protected] +1(619) 889-7646

$1,600,000

Est. payment - /mo

4 Beds

8,245 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25216827

Bedrooms 4

Lot Size 8,245 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash

Property Type Res Income 2-4 Units

Property Description

First Time for Sale Since 1979, Fourplex near Old Town Pasadena and adjacent to several new condominiums, Significant Rental Upside, Easy to Manage and Rent, All 2bedroom units. 1056-1052 N Catalina Ave, a value-add fourplex in a highly desirable location in the City of Pasadena, CA. This property has been very well maintained by current family who have owned it since 1979. The property is in a highly gentrified area right next to 2 newer condominiums projects and across from to be built 22 condominiums project. It is located only 3 blocks east of Lake Ave, and minutes away from most of City of Pasadena amenities such as Old Town Pasadena, Lake Ave Shopping District, Rose Bowl area, CALTECH and PCC. It is surrounded by other small apartments and single-family houses and has excellent demographics of $120,347 average household income in a 1-mile radius. This property can be purchased together with the 4 SFR portfolio that are adjacent to it (445 N Wilson, 459 N Wilson, 1072 E Villa, 1062 E Villa) for a large development play. The property consists of a front bungalow style house (2bedroom+1bathroom) and three x 2bedroom+1bathroom units in the back. The front house was built in 1922 and the back 3 units were built in 1964 (based on citys online permit - buyer to verify permit will be provided during due diligence period). It has a total building size of 3,378SF and sits on a large 8,245 SF total lot size (R4 zone High-Density 48-unit/acre buyer to verify). The property offers excellent curb appeal with well-manicured front lawn. The front house is a bungalow style unit wi

Location

State CA

County Los Angeles

Zoning Assessor

Direction Between Lake Ave and Hill Ave

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5732019034

Acceptable Financing Cash

Listing Terms Cash

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Listed by Handoko Chen Growth Investment Group Pasade

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1056 E VILLA Street Pasadena, CA 91106

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information