Property Details
About this Property
A very well-maintained property in an excellent location only several blocks away from CALTECH and Pasadena City College. With a walk score of 94 and proximity to many amenities in the area including Lake Ave District and Old Town Pasadena and flurries of restaurants along Colorado Blvd, this community offers an ease of management and easy to rent investment. Offered at close to 5% CAP Rate, this investment presents an excellent opportunity for savvy investors to buy a very well-located apartment with no known deferred maintenance and excellent in-place rents. The property was built in 1959 and situated on southeast corner of Mar Vista Ave and Union St. It has a total of ±6,920SF building size and is situated on a large ±8,744SF R4 lot. It has small lawn in the front with side paver stone courtyard that provides easy access to units. The roof is in excellent condition and the property has updated exterior paint. It offers an excellent unit mix of two (2) 2-bedroom+1-bathroom, and eight (8) 1-bedroom+1-bathroom units. Approximately 8 out of 10 of the units have had upgrades with updated kitchen, updated flooring and updated bathroom (buyer to verify). The units are spacious and bright with updated dual pane windows throughout. There are 9 parking spaces provided by carpo
MLS Listing Information
MLS #
CRAR24245071
MLS Source
California Regional MLS
Days on Site
17
Interior Features
Appliances
Microwave, Oven Range - Gas
Flooring
Laminate
Cooling
Window/Wall Unit
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Detached, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 10 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
112 N Mar Vista Ave is a Residential Income in Pasadena, CA 91106. This – square foot property sits on a 8,736 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,100,000 and was built in 1959. This address can also be written as 112 N Mar Vista Ave, Pasadena, CA 91106.
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This listing information is up-to-date as of December 19, 2024. For the most current information, please contact Han Chen
