2359-2365 East Villa Street presents a unique opportunity for rental income with exciting development potential. The property is situated on a 13,500 sq. ft. lot (100 ft. wide x 135 ft. deep) and includes two duplexes (1,264 sq. ft. each), a 700 sq. ft. garage, and a bonus utility room/storage, along with expansive open spaces for future enhancements.

Pasadena has indicated the possibility of a lot split, potentially allowing via a variance the creation of two 50 ft. wide parcels, despite the usual 55 ft. street frontage zoning. This flexibility opens the door for an investor to explore remodeling the existing duplexes into single-family homes or starting fresh with new construction. Additional possibilities include adding ADUs and/or converting the garage into living space.

With various options to enhance and maximize its value, this property allows investors to collect rental income during the planning phase. All development options mentioned, including lot splits, new home sites, ADUs, and/or conversions, would require city approval. However, with the right approach, this could be a highly rewarding investment opportunity.