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638-650 Mar Vista Ave
Pasadena, CA 91106
6 Bungalow Style single story units · Multifamily Property For Sale
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6 Units
Investment Highlights
- SIX Single story bungalow style units with an excellent curb appeal; ALL are LARGE 2Bedroom+1bathroom units
- Longtime owner for more than a decade! Adjacent to Bungalow Heaven district! Prime value-add apartment deal only minutes away from Old Town Pasadena
- Large and charming units with extensive crown molding, original hardwood floor, laundry hookups/machines in each unit (5 units with laundry machines)
- Pride of ownership property on a large R3 lot (±16,466 SF), beautifully landscaped, rental upside; Garage parking for each unit; NO retrofit required
- Significant rental upside potential (±28% estimated); Highest rent increase under AB1482 (5%+CPI)
- Plumbing was upgraded to copper piping; electricals were updated and recently painted exterior; Easy to rent with very low vacancy history
Property Facts
| No. Units | 6 | Building Size | 5,230 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1927 |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Lot Size | 0.38 AC | ||
| Zoning | PSR3 - Limited Density Multiple Residence | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 5,230 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1927 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | PSR3 - Limited Density Multiple Residence |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 5739-006-013 | Improvements Assessment | $617,000 |
| Land Assessment | $617,000 | Total Assessment | $1,234,000 |
Property Taxes
Parcel Number
5739-006-013
Land Assessment
$617,000
Improvements Assessment
$617,000
Total Assessment
$1,234,000
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