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$ 3,500,000
Est. payment /mo
New
112 N Mar Vista Avenue Pasadena, CA 91106
3 Beds
2 Baths
8,736 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26226502
Bedrooms 3
Lot Size 8,736 Sqft
Property Sub-Type Res Income 2-4 Units
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 upgrades with updated kitchen, updated flooring and updated bathroom (buyer to verify). The units are spacious and bright with updated dual pane windows throughout. Two units are vacant and can be delivered vacant There are 9 parking spaces provided by carports in the back there is no soft story retrofit r
Location
State CA
County Los Angeles
Zoning Assessor
Direction Fwy 210 exit Hill Ave - go south on Hill and make right turn on Union St, building will be on left corner about 2-3 blocks away
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5738013030
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10523
Listed by Handoko Chen, DRE#01749321 Growth Investment Group Pasade
Nearby Locations
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