$1,449,000 Est. $5,336 / mo.*

2359 E Villa Street Pasadena , CA 91107

Property listed by Lucent Properties, Harout Khayalian {attribution_contact}

Description

4 Units
Property Type: Quadruplex
Status: Active
Year Built: 1941
Days on Website: 64
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.

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Christopher Lechner

(562) 972-0388