Movoto Real Estate
Sold on 12/24/2024
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2359 E Villa St, Pasadena, CA 91107

$1,401,000

Last sold 12/24/2024 for $1.35M

  • —

    bed

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    bath

Multi-family not for sale

About 2359 E Villa St

Property type Multi-family
Neighborhood
Year built 1941
HOA fee $0/month
Lot size 0.31 Acre
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
2359-2365 East Villa Street presents a unique opportunity for rental income with exciting development potential. The property sits on a 13,500 sq. ft. lot (100 ft. wide x 135 ft. deep) and includes two duplexes (1,264 sq. ft. each), a 700 sq. ft. garage, and a bonus utility/storage room, along with expansive open space for future enhancements. There is the potential for a lot split, providing an investor with a variety of development options, such as remodeling the existing duplexes, creating new single-family homes, or starting fresh with new construction. Additional possibilities include adding ADUs or converting the garage into living space. All development options, including lot splits, new home sites, and ADU conversions, will require city approval. With the right approach, this property offers the potential for a highly rewarding investment, allowing for rental income during the planning phase.
Listed by
Listing Agent - Harout Khayalian
Listing Agent Contact: 626-390-2544
Listing Office - Lucent Properties
Source: CRMLS mls logo
MLS#PF24160855 • last updated 1 year ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.31
Lot Size (SqFt) 13503
Year Built 1941
Interior
Laundry None
Exterior
Building Area Square Feet, 2486
# Parking Spaces 4
# Garage Spaces 4
Lot Description 2-5 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks, Street Lights, Suburban, Urban
Zoning PSR6
Directions West Of Altdena Drive
APN 5744020008
Multifamily Details
Operating Expense 2193
Expense: Insurance 1990
Total Expenses 2193
Gross Income 77280
Gross Scheduled Income 77280
Expense: Gardener 1200
$1.4M
Range: $1.2M-$1.59M
Last 30 days 
Rental est.: $1,658/month
Gross rent multiplier: 67.9
  • Dec 2024
    mls logo MLS # PF24160855
  • Dec 25, 2024 Sold
    $1,350,000
  • Dec 23, 2024 Pending
    —
  • Nov 23, 2024 Active
    —
  • Oct 17, 2024 Price Change
    $1,449,000 (-6.5%)
  • Sep 18, 2024 Listed
    $1,549,000
  • Dec 2024
    Public Records
  • Dec 24, 2024 Sold
    $1,350,000 (-6.8%)
  • Year Property taxes Tax assessment
  • 2024
    $4,419 +0.9%
    $293,862 +2.0%
  • 2023
    $4,379 +3.1%
    $288,101
  • 2022
    $4,246 +4.0%
    $288,101 +4.04%
  • 2021
    $4,081 +3.3%
    $276,916 +1.04%
  • 2020
    $3,952 +2.9%
    $274,078 +2.0%
  • 2018
    $3,842 +1.5%
    $268,704 +4.04%
  • 2017
    $3,785 +2.8%
    $258,272 +2.0%
  • 2016
    $3,683 +1.2%
    $253,208
  • 2015
    $3,639
    —
  • 2359 E Villa St
    $1.35M
  • Casa Grande
    $1.45M -1% y/y
  • 91107
    $1.3M -13% y/y
  • Pasadena
    $1.15M -10% y/y
No chart available
Statistics calculated by Movoto

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7/10
N/A
6/10
Source: GreatSchools.org © 2026. All rights reserved.

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