2359 E Villa Street

Pasadena, CA 91107

About this property

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.

About this property

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.

Features and Additional Information

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$1,449,000 Active Under Contract
2,486 SQFT

Presented By Coldwell Banker Home Source

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License #01902736
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Lucent Properties
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Area Information

646 Pasadena (NE) | Los Angeles County |

$ 1,449,000
This listing is play_arrow 47.1% higher than the average in the area
$ 985,000 in the area
2,486 SqFt
This listing is play_arrow 27.6% larger than the average in the area
1,948 SqFt in the area
$ 583 $/SqFt
This listing is play_arrow 14.6% more than the average in the area
$ 508 $/SqFt in the area
84 days on site
This listing is play_arrow 31.3% above the average in the area
64 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
Listed By Harout Khayalian
Brokerage: Lucent Properties

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