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Sold on 12/05/2024

1998 E Villa St, Pasadena, CA 91107

  • $2,982,285

    Last sold 12/05/2024 for $2.88M

  • 8

    bed

  • 9

    bath

  • 5,750

    Sqft ($502/Sqft)

Multi-family not for sale
Movoto is helping 25 homebuyers near you

About 1998 E Villa St

Property type Multi-family
Neighborhood
Year built 1935
HOA fee $0/month
Lot size 9,417 Sqft
Movoto estimate
Property description
5.72% CAP, 12.07 GRM ! REMODELED UNITS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, TANK-LESS WATER HEATERS, MINI-SPLIT & CENTRAL AC SYSTEMS, ROOFS UPDATED, A TON OF ATTENTION TO DETAIL IN REMODELS. NO Soft-Story Retrofit. We are pleased to present this 9-unit apartment that will yield a solid return for the new buyer. The property has been very thoughtfully updated offer modern comfort and convenience all while preserving the original character and charm that so many appreciate and seek out in a property. The unit mix consists of Three 2 Bed + 1 bath units; Two 1 Bed + 1 bath units and Four Studio + 1 bath units. Couple the retro and timeless look of this property with being surrounded by single family homes and it makes sense why it features high occupancy with high rents. There are currently six on-site, parking spaces and property is separately metered for gas and electricity. A well updated, meticulously managed by the ownership and still has upside growth and potential for a new owner make this an investment not to pass up. PLEASE DO NOT DISTURB THE TENANTS.
Listed by
Listing Agent - Alexander Metaxas
Listing Office - Realty Investment Advisors, Inc.
Source: The MLS mls logo
MLS#24-413791 • last updated 1 year ago
Movoto checked The MLS for data 8 minutes ago
Overview
Levels/Style Multi/Split
MLS # 24-413791
Type Residential Income
Status Sold
SqFt 5750
Lot Size (SqFt) 9417
Lot Size (Acres) 0.2162
Year Built 1935
Condition Updated/Remodeled
Interior
Total # of Baths 9
Total # of Bedrooms 8
Appliances Range, Microwave
Exterior
# Parking Spaces 7
Parking Desc Driveway
Add'l Structures None
Amenities / Utilities
Water Heater Tankless
Equipment Dishwasher, Microwave, Range/Oven, Refrigerator
Pool None
Location
County Los Angeles
Zoning PSC-
APN 5745-002-037
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 3: Projected Rent 7580
Unit 1: Projected Rent 8925
Unit 1: # Beds 2
Unit 1: Rent 2725
Unit 2: Rent 2150
Unit 3: Rent 1808
Unit 2: Furnished No
Unit 2: Projected Rent 4300
Unit 2: # Beds 1
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 4300
Unit 3: Actual Rent 7233
Unit Type 2106, 2107, 2108
Unit 1: Actual Rent 8177
Total # Of Buildings 3
Net Operating Income 165060
Cap Rate 5.72
Gross Income 239292
Gross Operating Income 232113
Gross Rent Multiplier 12.07
Total Annual Expenses 67054
$2.98M
Range: $2.68M-$3.28M
Last 30 days 
  • Dec 2024
    mls logo MLS # 24-413791
  • Dec 5, 2024 Active
    —
  • Oct 3, 2024 Price Change
    $2,888,000 (-3.7%)
  • Jul 10, 2024 Listed
    $3,000,000
  • 1998 E Villa St
    $2.88M
  • Casa Grande
    $1.48M -1% y/y
  • 91107
    $1.29M -13% y/y
  • Pasadena
    $1.17M -9% y/y
No chart available
Statistics calculated by Movoto

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Jefferson Elementary School
public Grades K-5
Pasadena Unified School District
4/10
Eliot Arts Magnet
public Grades 6-8
Pasadena Unified School District
6/10
Pasadena High School
public Grades 9-12
Pasadena Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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