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112 Mar Vista Ave
Pasadena, CA 91106
10-unit near PCC and CALTECH, Prime Location · Multifamily Property For Sale
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10 Units
Investment Highlights
- Prime apartment investment in an excellent location near California Institute of Technology, Pasadena City College, and minutes to Pasadena Playhouse
- Great location with Walk Score 94; 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
- Attractive CAP Rate close to 5% with Upside potential; SUPERB demographics with ±$125,446 average household income within a 1-mile radius
- Corner lot location with a wide ±84’ frontage on Union Street; Eight out of 10 units have been updated: updated kitchen and flooring
- Separately metered for electricity and gas, carport parking (no soft story retrofit required), seller own laundry machines
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 | 1959 |
| 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 | 1959 |
| 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 |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 8 | - | - |
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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