Est. cap rate

3.5%

Assumed rent, all units

$6,960/mo

Units

2

Price per unit

$599,500

Est. annual NOI

$41,760

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

4

Bathrooms

2

Building size

1,890 sqft

Lot size

6,265 sqft

Year built

1951

Garage spaces

3

Pool

None

View

Mountain(s)

Status

Active

Days on market

30

MLS #

247185208

About this property

Prime Pasadena Duplex with a lucrative development opportunity presents a rare offering. This Mid-Century Duplex is in pristine condition, each unit offering 2 bedrooms and 1 bath with spacious floorplans, bathed in natural light, open dining areas, and wood flooring throughout. The downstairs unit has an updated kitchen with new stainless steel appliances and flooring. The bathroom has been restored with updated fixtures, reglazed tub, and new flooring. New paint throughout the interior and partial exterior. There's also a private deck and landscaped yard space with low-maintenance turf. The spacious lot has the potential to add TWO additional ADU units with generous allowances, buyers should check with the City of Pasadena to verify and confirm this information. The ideal location with mountain views is close to shopping, dining, and transportation, just a few short blocks to the Metro station. Additional features include a spacious, newly paved and gated driveway, detached 3-car garage, separate washer/dryer hookups for each unit, and the downstairs unit will be delivered vacant at the close of escrow. Take advanatge of this fantastic opportunity, perfect for an owner-user, investor, developer, or 1031 Exchange.

Location

1946 E Villa Street

Pasadena, Los Angeles, CA, 91107