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Listed by Handoko Chen, DRE #01749321 • Growth Investment Group Pasade
$ 3,500,000
Est. payment /mo
Pending
112 N Mar Vista AVE Pasadena, CA 91106
8,736 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRAR26226502
Year Built 1959
Lot Size 8,736 Sqft
Source California Regional MLS
Property Description
Prime 10-unit Value-add several blocks from CALTECH and PCC, Class A Location, Corner lot on Union St, RM-48 Zone, Walkscore 94, Long-time owner, Very Well-maintained. 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 an attractive 6.22% 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, all the windows have been upgraded, 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
Location
State CA
County Los Angeles
Area 647 - Pasadena (Sw)
Rooms
Kitchen Microwave, Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Laundry Area, Washer/Dryer - Owned
Exterior
Parking Features Assigned Spaces, Detached Garage
Garage Spaces 9.0
Pool 31, None
View Hills, 30
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 5738013030
Special Listing Condition Not Applicable
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