2359 E Villa Street

Pasadena, CA 91107

PRICE REDUCED

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-$100,000 (-6.46%)

$1,449,000

List Price

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1941

calendar_month Built

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.

Listing Information

List Price $1,449,000
Status Active Under Contract
MLS PF24160855
Type Residential Income
Subtype Quadruplex
Year Built 1941
Lot Size 13,503
Structure Size N/A
DOM 65
Courtesy Of Lucent Properties
Listing Agent Harout Khayalian DRE#01237831

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
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Exterior Information

Maps

Listing information courtesy of: Harout Khayalian, Lucent Properties 626-390-2544. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 23rd, 2024 at 4:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.