803 East Villa Street

Pasadena, CA 91101

$1,500,000
Price
7
Beds
5
Baths
3,360 Sq. Ft.
$446 / Sq. Ft.
3,360
Sq. Ft.
$446
per Sq. Ft.

Description

The Craftsman-style property sits just three blocks from the Pasadena Playhouse District, and one mile from Old Town Pasadena, allowing tenants convenient access to some of the more vibrant shopping and dining areas in the city. Current rents sit far below the market rates in the area, allowing a new investor the potential to capitalize on the approximately 76% rent upside. Originally constructed in 1905, the building features many of the character accents often associated with iconic Pasadena Craftsman-style...

Property Details for 803 East Villa Street

Zoning
PSR1
Year Built Numeric
1905

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Property Details for 803 East Villa Street

StatusActive
MLS #20-564618
Days on Market382
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.30 AC / 13,222 SF
CountyLos Angeles County

Contact a Compass agent

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Building Information for 803 East Villa Street

Stories2Residences-Year Built1905Building Size-Lot Size0.30 AC / 13,222 SF

Payment Calculator

$5,027 per month

30 year fixed, 2.95% Interest

Principal and Interest

$5,027

Property Taxes

HOA Dues

$0

Property Information for 803 East Villa Street

Summary
    Location and General Information
  • Directions: **CAP and GRM are based on Pro Forma rents **We are pleased to announce the sale of 803 E Villa Street, a 5-unit multifamily property on a spacious 13,221 square foot lot in Pasadena, CA.
  • Year Built Source: Assessor
  • City: Pasadena
  • Zip Code: 91101
  • County Or Parish: Los Angeles
  • Street Number Numeric: 803
  • Street Direction Prefix: E
  • Street Name: VILLA
  • State: CA
    Parking
  • Parking Garage: Assigned
  • Total Parking: 5
Property
    Property and Assessments
  • Assessed Improvement Value: $43,068.00
  • Assessed Land Value: $21,724.00
  • Assessor Parcel Number: 5731-018-018
  • Disclosures: None
  • Source Living Area: Vendor Enhanced
  • Source Lot Size Area: Vendor Enhanced
  • Number Of Photos: 6
    Lot Information
  • Area: Pasadena NE (646)
  • Other Structures: Other
  • Service Level: Full Service
  • Living Area: 3360
  • Lot Size Area: 13222
Interior and Exterior Features
    Interior Features
  • Baths Total: 5.0
  • Equipment: Other
  • Number Of Stories: 2
  • Beds Total: 7
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Income: $111,977
  • Gross Operating Income: $115,440
  • Net Operating Income: $79,640.00
  • Total Annual Expense: 32337
    Unit Information
  • Type Of Units: Residential
  • Unit Type Type: 2106, 2107, 2108
    Unit 1 Information
  • Unit Beds1: 0
  • Unit Baths1: 1
  • Unit Projected Rent1: $1,595.00
  • Unit Actual Rent1: $780.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $780.00
    Unit 2 Information
  • Unit Projected Rent2: $5,700.00
  • Unit Furnished2: No
  • Like Units2: 3
  • Unit Rent2: $1,125.00
  • Unit Beds2: 1
  • Unit Baths2: 1
  • Unit Actual Rent2: $3,375.00
    Unit 3 Information
  • Unit Beds3: 2
  • Unit Baths3: 2
  • Unit Actual Rent3: $1,300.00
  • Like Units3: 1
  • Unit Projected Rent3: $2,325.00
  • Unit Rent3: $1,300.00
  • Unit Furnished3: No
Rental
    Rental Information
  • Vacancy Rate: 0
  • Gross Rent Multiplier: $12.99
  • Number Of Buildings: 1
  • Number Of Units: 5

Property History for 803 East Villa Street

DateEvent & SourcePriceAppreciation
Mar 16, 2020

Listed (Active)

CRMLS #20564618

$1,500,000
Mar 16, 2020

Listed (Active)

CLAW #20-564618

$1,500,000
DateEvent & SourcePrice
03/16/2020

Listed (Active)

CRMLS #20564618

$1,500,000
03/16/2020

Listed (Active)

CLAW #20-564618

$1,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 803 East Villa Street

Taxable ValueLand$23,053Additions$45,703Total$68,756
Tax Record2020$2,000 ($167 / month)
Home Facts
Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtLot Size13,222 SqFtStyleMulti-Family Res (5+ Units)Year Built1905Year Renovated1922ZoningPSR1CountyLOS ANGELESAPN5731018018

Schools near 803 East Villa Street


SchoolTypeGradesDistanceRating
Lake Avenue Church SchoolPrivateK0.2 mi
NR
Friends Western SchoolPrivateK-60.4 mi
NR
Madison Elementary SchoolPublicK-50.5 mi
2
Pasadena First United MethodistPrivateK0.7 mi
NR

Lake Avenue Church School

K, 0.2 mi, Private

NR

Friends Western School

K-6, 0.4 mi, Private

NR

Madison Elementary School

K-5, 0.5 mi, Public

2

Pasadena First United Methodist

K, 0.7 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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803 East Villa Street is a multi-family home for sale in Pasadena, CA 91101. This property was listed for sale on March 16, 2020 by Marcus & Millichap at $1,500,000. This listing's school district is Pasadena Unified School District. Nearby schools include Lake Avenue Church School, Friends Western School and Madison Elementary School. 803 East Villa Street is a 7-bed, 5-bath, 3,360 sqft multi-family home built in 1905.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.