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112 Mar Vista Ave
Pasadena, CA 91106
10-units by CALTECH and PCC, $500K PRICE RED. · Multifamily Property For Sale
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10 Units
Investment Highlights
- Highly Attractive Yield: 6.22% in-place CAP rate with proven upside potential, offering a rare balance of strong current cash flow and future growth
- SUPERB demographics with ±$125,446 average household income within a 1-mile radius
- Eight out of 10 units have been updated: updated kitchen and flooring, One unit may be delivered vacant
- Premier Educational Hub: Exceptionally located just blocks from the California Institute of Technology (Caltech) and Pasadena City College (PCC)
- Well maintained two-story garden style apartment with excellent curb appeal, gated entrance and secured parking
- Excellent roof condition, double pane windows throughout, minimum landscaping, low maintenance property and easy to manage, updated exterior paint
Property Facts
| No. Units | 10 | Building Size | 6,920 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1959/2020 |
| Building Class | C | Parking Ratio | 1.3/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | RM-48 - 48 units/acre | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,920 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2020 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RM-48 - 48 units/acre |
Amenities
Unit Amenities
- Storage Space
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 650 - 700 |
| 2+1 | 2 | - | 900 - 1,000 |
Property Taxes
| Parcel Number | 5738-013-030 | Improvements Assessment | $1,442,217 |
| Land Assessment | $1,111,706 | Total Assessment | $2,553,923 |
Property Taxes
Parcel Number
5738-013-030
Land Assessment
$1,111,706
Improvements Assessment
$1,442,217
Total Assessment
$2,553,923
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