2 months on rocket

1302 E Villa St, Pasadena, CA, 91106

$1,375,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
4 Baths
2,927 SqFt
$470/SqFt
House

Location

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1302 E Villa St, Pasadena$1,375,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAssigned, Door-Multi, Driveway, Garage
Garage3 spaces
Year Built1923
HeatingNatural Gas
CoolingNone
FireplaceLiving Room
ViewNone
MLS #24455327
Lot Size0.21 Acres
StatusActive

About 1302 E Villa St

PRIME INVESTMENT/DEVELOPMENT OPPORTUNITY - GREAT 1031 EXCHANGE. This triplex offers a rare opportunity for investors and developers seeking value-add potential with immediate cash flow. Situated in a rapidly appreciating neighborhood near Old Town Pasadena, Pasadena City College, and major transit lines, this property promises both convenience and long-term growth. The 9,199 SF lot is zoned PSR6, offering redevelopment or expansion possibilities. The triplex consists of two buildings with a total of 7 bedrooms and 4 bathrooms across 2,927 SF of living space. The front unit features 3 bedrooms and 2 baths + family room, while the rear building holds two 2-bedroom, 1-bath units. The property has been well-maintained. Each unit offers unique features that attract quality tenants. Pasadena's strong rental demand, especially in areas close to major employment hubs like Caltech, PCC, and the ArtCenter College of Design, makes this an ideal income-generating asset. With vacancy rates consistently low, this triplex is poised to provide stable, immediate rental income. Additionally, the 9,199 SF rectangular lot offers future development potential for investors looking to capitalize on Pasadena's long-term appreciation. Take advantage of the area's robust rental market and redevelopment potential, perfect for a 1031 exchange or portfolio expansion. Contact me today to explore the possibilities of this prime Pasadena investment.

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1923
  • Stories: 1
  • Living Area: 2,927 SqFt

Listing Office:

  • Office Name: Robyn Calvin
  • Listing Agent: Robyn Calvin

Interior Features

Interior Information:

  • Appliances: Gas Cooktop, Gas Oven, Oven
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • View: None

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Assigned, Door-Multi, Driveway, Garage

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: From the 210 Fwy head west on E Maple St towards Hill Ave. Turn right at the first cross-street onto N Hill Ave. Left on E Villa St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,375,000
  • Price Per SqFt: $470/SqFt

Tax Information:

  • Annual Amount: $12,879
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Pasadena, CA.

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Pasadena, CA

City

Med. Sold Price

$1.2M

Med. Price/SqFt

$766

Avg. Days On Market

32

# of Sold Homes

77

1302 E Villa St vs Pasadena

61 DAYS ON ROCKET

+29 Days

$1,375,000

+$162.7K More

$470/SqFt

-$297 Less

KEY TAKEAWAY

This property is $162.7K more than the Median Sold Price and $297/SqFt less than other homes in Pasadena, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24455327

Listing Office:

  • Office Name: Robyn Calvin
  • Listing Agent: Robyn Calvin

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 4:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 19, 2016Home Sold
$899,500
Jun 25, 2007Home Sold
$765,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,879$1,127,440
2020$12,401$1,115,880
2019$10,865$1,094,000
2018$10,742$917,184
2017$10,742$899,200

History based on county public records data.

Payment Calculator

$6,930

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,189

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1013798
4
/10

  • Madison Elementary School

  • 515 E Ashtabula St

  • 1.01 miles

  • Public District Grades PK-5

school-card-donut-1013799
6
/10

  • Longfellow Elementary School

  • 1065 E Washington Blvd

  • 1.11 miles

  • Public District Grades PK-5

school-card-donut-1013800
6
/10

  • Hamilton Elementary School

  • 2089 Rose Villa St

  • 1.29 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,500. The most common annual income of people living in Pasadena, CA is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1302 E Villa St

What is the listing price of this property?

The listing price of 1302 E Villa St property is $1,375,000.

What type of property is this?

The property 1302 E Villa St is a house located in Pasadena, California, 91106.

Is this property for sale now?

Active Listing: 1302 E Villa St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,879 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 19, 2016 for $899,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1302 E Villa St has 7 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1302 E Villa St is 2,927 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1302 E Villa St is 1923.

Rocket Homes›California›Los Angeles County›Pasadena›91106›1302 E Villa St

This home is located at 1302 E Villa St in Pasadena, CA and zip code 91106 in the The Verdugos neighborhood. This 2,927 square foot home, which was built in 1923, sits on a 0.21 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $1,375,000.

While more than 43 listings in Pasadena, CA in November 2024 were sold above asking price, there were more than 13 listings sold at asking price, and more than 21 were sold below. The number of listings in Pasadena, CA decreased by 9.9% between October 2024 and November 2024. In November 2024 median list price was $1,212,217 and the average listing age was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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