Contingent
$ 549,000 Est. Payment

1135 E Villa Street

Pasadena, CA 91106
Land
Residence
0.14
Acre Lot
1of
Map
Photos
Courtesy: Michael Dostalek - A1 West Commercial Real Estate
Prime corner property at the intersection of Villa Street and Mar Vista Avenue, in between Lake & Hill Street, one block north of the 210 Freeway. Tremendous future development opportunity, currently structures on the property include a corner retail market and and 1BD-1BA residential unit. Residential unit has one additional bedroom which may not be permitted. (Please check with city for building permits).Current multi-tenant mixed use property with tremendous future development opportunity for multifamily residential. RM-32 Zoning with, possible 4 units can be developed at property. Please verify all uses and potential development possibilities with the City of Pasadena.HUGE RENTAL UPSIDE. Long term tenants currently occupying the property. Residential unit at the property is currently leased month to month while the commercial retail unit has 4 years remaining on the lease. Residential unit paying $600/mo and commercial unit paying $725/mo starting 9/1/2018 for a total annual income of $15,900 annually. Projected market rents with renovations to the residential unit could bring in $2,000 +/- per month for projected $32,700 annual gross income.
818003718
Land
Los Angeles County
0.14 Acres
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
People
Zip
City
County
National
24,861
142,250
10,170,292
321,418,820
8,428
6,051
2,458
89
2.3
2.5
3
2.6
35.2
36.9
35.3
37.4
$72,192
$70,845
$55,870
$53,482
$48,943
$41,268
$27,987
$28,555
 
Economy
Zip
City
County
National
4.60 %
4.60 %
5.20 %
5.20 %
1.40 %
1.40 %
1.40 %
1.60 %
38.20 %
38.20 %
37.60 %
38.00 %
9.00 %
9.00 %
9.00 %
6.00 %
8.00 %
8.00 %
8.00 %
4.60 %
167
191
156
100
 
Environment
Zip
City
County
National
775
875
2245
1443
21.2
21.6
16.9
39.2
0
0
0.3
25.8
47.6
45.8
45.5
22.6
89.4
88.6
84.3
86.1
41
41
32
102
292
286
283
205
91
87
86
54
Source: Sperling's Best Places
Courtesy: Michael Dostalek - A1 West Commercial Real Estate
Barbara Simmons, Xome Inc., CalBRE #637579, barbara.simmons@xome.com , 844-400-9663 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


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