2170-2178 E Villa St 3,578 SF 100% Leased Retail Building Pasadena, CA 91107 £2,033,356 (£568.29/SF)
INVESTMENT HIGHLIGHTS
- Owner/User or Development Opportunity
- Strong Location, Excellent Exposure
- Prime Pasadena Location
- Mixed/Use Investment Asset
- Limited Inventory of Similar Properties
- Close Proximity to the 210 Fwy
EXECUTIVE SUMMARY
Apollo Investment Group of Keller Williams Realty World Media Center is pleased to present a prime opportunity on E. Villa St. The offering includes two adjacent lots, which currently includes a total of 3,578 SF of multiple structures situated on 14,617 SF of RM-16 zoned land in Pasadena, CA.
2170 E. Villa Street includes a stand-alone 1-bedroom/1-bathroom unit of about 772 SF, along with an office building approximately 1,000 SF. There is also a stand alone garage structure, that is currently functioning as storage.
2176-2178 E. Villa Street is comprised of four structures, including a small office building around 300 SF, two units with 2 bedrooms and 1 bathroom (approximately 1,000 SF), and 1 bedroom and 1 bathroom (approximately506 SF). The premises also feature a 3-car garage located at the back.
The subject property offers proximity to key employment centers, nearby entertainment venues, ready freeway access, and outdoor recreation amenities which combine to make an attractive environment to live, work and play. This would be an excellent opportunity for an owner/user or developer as the submarket fundamentals are outstanding with very high apartment occupancy levels and limited new multi-family supply.
The property is located on E. Villa St., in prime Pasadena, CA. The property is very well exposed, in a highly sought after location with strong demographics. It is located within proximity to Old Town Pasadena, Huntington Library, and minutes away from the 210 freeway.
2170 E. Villa Street includes a stand-alone 1-bedroom/1-bathroom unit of about 772 SF, along with an office building approximately 1,000 SF. There is also a stand alone garage structure, that is currently functioning as storage.
2176-2178 E. Villa Street is comprised of four structures, including a small office building around 300 SF, two units with 2 bedrooms and 1 bathroom (approximately 1,000 SF), and 1 bedroom and 1 bathroom (approximately506 SF). The premises also feature a 3-car garage located at the back.
The subject property offers proximity to key employment centers, nearby entertainment venues, ready freeway access, and outdoor recreation amenities which combine to make an attractive environment to live, work and play. This would be an excellent opportunity for an owner/user or developer as the submarket fundamentals are outstanding with very high apartment occupancy levels and limited new multi-family supply.
The property is located on E. Villa St., in prime Pasadena, CA. The property is very well exposed, in a highly sought after location with strong demographics. It is located within proximity to Old Town Pasadena, Huntington Library, and minutes away from the 210 freeway.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,578 SF
Building Class
B
Year Built
1928
Price
£2,033,356
Price Per SF
£568.29
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.24
Lot Size
0.34 AC
Zoning
RM-16
Parking
9 Spaces (2.52 Spaces per 1,000 SF Leased)
Frontage
35 ft on East Villa Street
AMENITIES
- Fenced Plot
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £100,701 | |
| Land Assessment | £906,389 | Total Assessment | £1,007,090 |
