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Sold for $1,350,000
  • Listed by: Lucent Properties • Harout Khayalian • Contact: 626-390-2544
    Bought with: Lucent Properties
    Tax assessed value
    $1,350,000

    2359 E Villa St, Pasadena, CA 91107

    4beds
    4baths
    2,486sqft
    Quadruplex
    Built in 1941
    -- sqft lot
    $1,485,600 Zestimate®
    $543/sqft
    $3,749 Estimated rent

    Home value

    $1,485,600

    $1.32M - $1.66M

    $3,749/mo

    Zestimate® history
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    $8,573/mo

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    What's special

    Two duplexesExpansive open spaces
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Harout Khayalian DRE #01237831 626-390-2544,

    Lucent Properties

    Bought with:

    Harout Khayalian, DRE #01237831

    Lucent Properties

    Source: CRMLS,MLS#: PF24160855MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 2,486
    • Total interior livable area: 2,486 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Levels: One
    • Stories: 1
    • Entry location: front
    • Pool features: None
    Lot
    • Size: 0.31 Acres
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 5744020008
    • Zoning: PSR6
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1941

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Street Lights, Suburban, Sidewalks, Urban
    Location
    • Region: Pasadena

    Financial & listing details

    • Price per square foot: $543/sqft
    • Tax assessed value: $1,350,000
    • Annual tax amount: $16,464
    • Date on market: 9/19/2024
    • Cumulative days on market: 64 days
    • Listing terms: Cash,Cash to Existing Loan,Conventional

    Price history

    DateEventPrice
    12/24/2024Sold$1,350,000-6.8%$543/sqft
    Source: CRMLS #PF24160855 Report a problem
    12/23/2024Pending sale$1,449,000$583/sqft
    Source: CRMLS #PF24160855 Report a problem
    11/23/2024Contingent$1,449,000$583/sqft
    Source: CRMLS #PF24160855 Report a problem
    10/17/2024Price change$1,449,000-6.5%$583/sqft
    Source: CRMLS #PF24160855 Report a problem
    9/19/2024Listed for sale$1,549,000$623/sqft
    Source: CRMLS #PF24160855 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$16,464 +272.6%$1,350,000 +359.4%
    2024$4,419 +0.9%$293,862 +2%
    2023$4,379 +3.1%$288,101 +2%
    2022$4,246 +4%$282,453 +2%
    2021$4,081 +3.3%$276,916 +1%
    2020$3,952 $274,078 +2%
    2019$3,952 +2.9%$268,704 +2%
    2018$3,842 $263,436 +2%
    2017$3,842 +1.5%$258,272 +2%
    2016$3,785 +2.8%$253,208 +1.5%
    2015$3,683 +2.2%$249,406 +2%
    2014$3,602 $244,522 +5.3%
    2010-- $232,220 -0.2%
    2009-- $232,773 +2%
    2008-- $228,209 +2%
    2007-- $223,735 +2%
    2005-- $219,349 +4%
    2004-- $210,834 +1.9%
    2003-- $206,971 +2%
    2002-- $202,914 +4%
    2000-- $195,036
    Find assessor info on the county website

    Neighborhood: Mid Central

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,485,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,485,600