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Key Details
Sold Price $2,070,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR22108014
Sold Date 07/08/22
Bedrooms 4
HOA Y/N No
Lot Size 8,246 Sqft
Property Description
The property located at 739 E. Villa St. is rare opportunity for investors to acquire an attractive 4-unit apartment building in the highly desirable location in the City of Pasadena. Built in 1924 and maintained extremely well by the current owners, the building offers approx. 3,730sf and is situated on an 8,246sf lot. Each the units offer 1-bedroom and 1-bath, measuring approx. 935sf in size and each unit offers a large living and dining area, a decorative fireplace, gleaming wood floors, high-end built-in appliances in the kitchens including dishwashers, and an individual laundry room with a washer/dryer in each unit. The building offers numerous updates throughout including earthquake retrofitting, updated lighting and plumbing, ceiling fans, updated bathrooms, window a/c units and a tankless water heater in unit 743 are just a few. Each unit is separately metered for electricity and gas. Parking is provided by the individual detached garages in the back, which are easily accessed by the individual rear doors found in each unit. Well-built and full of charm throughout, and easy to maintain, the property is located just a block away from Lake Ave and within walking distance to myriad of shopping and other amenities on Lake Ave. It is within minutes from Old Town Pasadena, local shops such as The Paseo on Colorado, and many other amenities that Pasadena has to offer. The 210 Freeway and the 110 Freeway that connects to Downtown Los Angeles are both within proximity. 745 E. Villa St. is a 2-bed/1bath single home measuring approx.. 950sf. is also for sale and is located dir
The property located at 739 E. Villa St. is rare opportunity for investors to acquire an attractive 4-unit apartment building in the highly desirable location in the City of Pasadena. Built in 1924 and maintained extremely well by the current owners, the building offers approx. 3,730sf and is situated on an 8,246sf lot. Each the units offer 1-bedroom and 1-bath, measuring approx. 935sf in size and each unit offers a large living and dining area, a decorative fireplace, gleaming wood floors, high-end built-in appliances in the kitchens including dishwashers, and an individual laundry room with a washer/dryer in each unit. The building offers numerous updates throughout including earthquake retrofitting, updated lighting and plumbing, ceiling fans, updated bathrooms, window a/c units and a tankless water heater in unit 743 are just a few. Each unit is separately metered for electricity and gas. Parking is provided by the individual detached garages in the back, which are easily accessed by the individual rear doors found in each unit. Well-built and full of charm throughout, and easy to maintain, the property is located just a block away from Lake Ave and within walking distance to myriad of shopping and other amenities on Lake Ave. It is within minutes from Old Town Pasadena, local shops such as The Paseo on Colorado, and many other amenities that Pasadena has to offer. The 210 Freeway and the 110 Freeway that connects to Downtown Los Angeles are both within proximity. 745 E. Villa St. is a 2-bed/1bath single home measuring approx.. 950sf. is also for sale and is located directly behind this property. Both escrows to close concurrently. Please see MLS#22108298
Location
State CA
County Los Angeles
Area Pasadena (91101)
Zoning Public Rec
Building
Lot Description Curbs, Sidewalks
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Exchange
Space Rent $2,400
Listing Terms Exchange
Financing Cash
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Bought with Luther Tsinoglou • DPP