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The Villas 239 E Villa St 12 Unit Apartment Building $3,675,000 ($306,250/Unit) 5.54% Cap Rate Pasadena, CA 91101
Investment Highlights
- Corner Lot, approximately 19,334 square feet
- A few blocks away from Old Town Pasadena
- Laundry Room
- Located a few blocks away from restaurants, shops, and entertainment on Colorado Boulevard
- Large Shared Yard
- The property is designated historic-eligible by the City of Pasadena. (Buyer to verify)
Executive Summary
The Villas is a charming 12-unit apartment building located at 231 and 239 East Villa Street, Pasadena, CA 91101. The property was built in 1913 and is located on the northeast corner of East Villa Street and North Marengo Avenue. The lot is approximately 19,334 square feet. The Villas is located a few blocks away from restaurants, shops, and entertainment on Colorado Boulevard, and a few blocks away from Old Town Pasadena.
The unit mix consists of 12 one-bedroom/one-bathroom units. There is a large shared yard. There is a laundry room, assigned parking spaces, 6 garages, and storage spaces. Some of the units have balconies, and some of the units have porches.
The property is designated historic-eligible by the City of Pasadena. (Buyer to verify)
The unit mix consists of 12 one-bedroom/one-bathroom units. There is a large shared yard. There is a laundry room, assigned parking spaces, 6 garages, and storage spaces. Some of the units have balconies, and some of the units have porches.
The property is designated historic-eligible by the City of Pasadena. (Buyer to verify)
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $306,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 5.54% | Building Size | 8,502 SF |
| Gross Rent Multiplier | 12.27 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1913 |
| Property Type | Multifamily | Parking Ratio | 1.65/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | PSR1 - Residential | ||
| Price | $3,675,000 |
| Price Per Unit | $306,250 |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| Gross Rent Multiplier | 12.27 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 8,502 SF |
| No. Stories | 2 |
| Year Built | 1913 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | PSR1 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $2,080 | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $2,343,583 (2025) | |
| Land Assessment | $1,526,338 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $817,245 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$1,526,338 (2025)
Improvements Assessment
$817,245 (2025)
Total Assessment
$2,343,583 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
The Villas | 239 E Villa St