Mixed-Use Property with
For Sale
$1,775,000
2056 E Villa, Pasadena, CA 91107
A street-facing commercial space and several residential units share a landscaped courtyard and on-site laundry facilities.
Property Size2,668 SF
Price / SF$665.29
Days on Market67
Property Features for 2056 E Villa
General Information
Standard status
Active
Size
2,668 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Pasadena Neighborhood Coalition
Mixed-Use Components
commercial, residential
Additional Details
Currently Operating
Yes
Amenities
laundry facility
central courtyard
coin-operated laundry room
Building Details
Building Size
2,668 SF
Year Built
1956
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Crest Real Estate
Listed By:
Nathalie Marles · License #01330558
(818) 679-5369
Source:
Condosalesexperts
Added: Aug 23
Changed: Oct 27
Last Checked: Oct 26 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Crest Real Estate
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Investment Insights
Based on property information with market context.
Built in 1956, this 2,668-square-foot mixed-use property in Pasadena combines a street-front commercial unit with residential accommodations. The commercial space is operating as a hair salon and has a dedicated laundry facility. Residential space consists of a three-bedroom, two-bath home and a duplex with two one-bedroom, one-bath units. A coin-operated laundry room serves the residential units, and a landscaped courtyard occupies the center of the property.
The parcel runs from Allen Avenue to a rear alley, providing access to a garage and three driveway parking spaces. The combination of commercial and residential components is supported by on-site laundry and parking features.
The parcel runs from Allen Avenue to a rear alley, providing access to a garage and three driveway parking spaces. The combination of commercial and residential components is supported by on-site laundry and parking features.
Key Highlights
- 2,668‑square‑foot mixed‑use property built in 1956
- Street‑front commercial unit currently operating as a hair salon
- Residential mix includes a three‑bedroom, two‑bath home and two one‑bedroom, one‑bath duplex units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,439
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,780
$1.3M
Cap Rate 7%
$963,414
$963.4K
Cap Rate 9%
$749,322
$749.3K
Market Conditions
NOI Build-Up for 2,668 SF
Gross rent
$98.6K $36.96/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$96.3K $36.11/SF
− OpEx
−$28.9K −$10.83/SF
NOI
$67.4K $25.28/SF
Area
Pasadena, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,780
Cap Rate 7%
$963,414
Cap Rate 9%
$749,322
Alternative Uses
Best Use
Multifamily LT 5
$60.06M
$52.55M – $70.07M
NOI $4,203,976 @ 7.0% cap · market cap 236.84%
Second Best
Apartment 5plus
$53.00M
$46.37M – $61.83M
NOI $3,709,907 @ 7.0% cap · market cap 209.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,788
Businesses Nearby
Explore this area
Business Placement
Demographics for 91107, CA
33,729
Population
14,137
Households
2.4
Avg Household Size
43
Median Age
59%
College-Educated
93%
High-School Grad
8.5 sq mi
ZIP Area
3,968
Density / Sq Mi
$124,880
Median Household Income
$62,250
Median Earnings
$2,311
Median Rent
$1,106,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-facing commercial space and several residential units share a landscaped courtyard and on-site laundry facilities.
Where is this mixed-use property located?
The property is located at 2056 E Villa Pasadena, CA.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 2,668‑square‑foot mixed‑use property built in 1956; Street‑front commercial unit currently operating as a hair salon; Residential mix includes a three‑bedroom, two‑bath home and two one‑bedroom, one‑bath duplex units
