Investment Overview

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)