112 N Mar Vista Avenue, Pasadena, CA 91106
Local realty services provided by:ERA North Orange County Real Estate
112 N Mar Vista Avenue,Pasadena, CA 91106
$3,285,000
- - Beds
- - Baths
- 6,920 sq. ft.
- Multi-family
- Active
Listed by: handoko chen
Office: growth investment group pasade626-594-4900
MLS#:AR26017573
Source:CRMLS
Price summary
- Price:$3,285,000
- Price per sq. ft.:$474.71
About this home
SELLER MOTIVATED – $565K PRICE REDUCTION! Prime 10-unit Value-add several blocks from CALTECH and PCC, 6.22% In-place CAP Rate in 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 required. Parking is secured by an automatic parking gate. There is a shared laundry room with seller’s own machines. Each unit is separately metered for gas and electricity....
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Home facts
- Year built:1959
- Listing ID #:AR26017573
- Added:109 day(s) ago
- Updated:May 14, 2026 at 10:41 AM
Rooms and interior
- Flooring:Laminate, Wood
- Kitchen Description:Gas Range, Microwave, Refrigerator
- Living area:6,920 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1959
- Building area:6,920 sq. ft.
- Lot area:0.2 Acres
- Lot Features:Corner Lot, Landscaped, Lawn, Level with Street, Near Public Transit, Rectangular Lot, Street Level, Value In Land
- Architectural Style:Mid Century Modern
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,285,000
- Price per sq. ft.:$474.71
Parking
- Total parking spaces:9
- Parking description:9 Carport Space(s), Assigned, Detached Carport
- Carport spaces:9
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