Pasadena, CA 91106,112 N Mar Vista Avenue
Pasadena, CA 91106,112 N Mar Vista Avenue
Pasadena, CA 91106,112 N Mar Vista Avenue
25
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$3,850,000
Est. payment /mo
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3 Beds
2 Baths
8,736 Sqft Lot
New

112 N Mar Vista Avenue Pasadena, CA 91106

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Shirley Smith

Shirley Smith

+1(619) 559-6548

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26017573

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, 5.25% In-place CAP Rate in Class A Location, Very Well-maintained with no known deferred maintenance, Easy to Manage and Rent, Corner lot on Union St, Walkscore 94, 1 unit is vacant and can be delivered vacant. 112 N Mar Vista, 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 5.25% 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. One unit is vacant and

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

MLS Router / San Diego MLS
Listed by Handoko Chen Growth Investment Group Pasade

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Arroyo Vista Elementary School

    Public | KG - 5

  • 10

    Monterey Hills Elementary School

    Public | KG - 5

  • 10

    Marengo Elementary School

    Public | KG - 5

  • 10

    Valentine Elementary School

    Public | KG - 5

  • 9

    Carver Elementary School

    Public | KG - 5

  • 8

    Wilson Elementary School

    Public | KG - 5

  • 7

    Aveson School of Leaders

    Public | KG - 5

  • 7

    Hamilton Elementary School

    Public | PK - 5

  • 7

    Washington Elementary School

    Public | KG - 5

  • 6

    Coolidge Elementary School

    Public | KG - 5

  • 6

    Daniel Webster Elementary School

    Public | PK - 5

  • 5

    Washington Elementary School

    Public | PK - 5

  • 5

    Longfellow Elementary School

    Public | PK - 5

  • 5

    Norma Coombs Elementary School

    Public | KG - 5

  • 5

    Willard Elementary School

    Public | PK - 5

  • 4

    Franklin Elementary School

    Public | PK - 5

  • 4

    Roosevelt Elementary School

    Public | PK - 5

  • 3

    Jackson STEM Magnet

    Public | PK - 5

  • 3

    Cleveland Elementary School

    Public | PK - 5

  • 3

    McKinley School

    Public | KG - 8

Middle Schools 11
  • 10

    South Pasadena Middle School

    Public | 6 - 8

  • 9

    Huntington Middle School

    Public | 6 - 8

  • 8

    Marshall Fundamental

    Public | 6 - 12

  • 4

    Blair High School

    Public | 6 - 12

  • 2

    Charles W. Eliot Arts Magnet Academy

    Public | 6 - 8

  • 1

    Washington STEAM Multilingual Academy

    Public | 6 - 8

  • 0

    Southwestern Academy

    Private | 6 - 12

  • 0

    Excelsior School

    Private | 8 - 12

  • 0

    The Peace & Justice Academy

    Private | 6 - 12

  • 0

    Learning Works

    Public | 7 - 12

  • 0

    Rosemary School

    Private | 8 - 12

High Schools 9
  • 10

    South Pasadena High School

    Public | 9 - 12

  • 10

    San Marino High School

    Public | 9 - 12

  • 6

    Pasadena High School

    Public | 9 - 12

  • 3

    John Muir High School

    Public | 9 - 12

  • 0

    Mayfield Senior School

    Private | 9 - 12

  • 0

    Maranatha High School

    Private | 9 - 12

  • 0

    Rose City High (Continuation)

    Public | 9 - 12

  • 0

    Agbu Vatche and Tamar Manoukian High School

    Private | 9 - 12

  • 0

    Agbu Vatche & Tamar Manoukian High School

    Private | 9 - 12

School and business data provided by Attom Data.

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Shirley Smith

Shirley Smith

Agent | License ID: 02046865

+1(619) 559-6548

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112 N Mar Vista Avenue

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