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112 N Mar Vista Avenue

Pasadena, CA 91106
  • $4,188,000
  • STATUS: ACTIVE
  • ON SITE: 42 Days
  • ID#: AR24175836
Price Reduced
UPDATED: 117 min ago
$4,188,000
  • 5
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Welcome to the Mar Vista Apartments, centrally located in the popular South Lake Avenue District of Pasadena and blocks from Caltech and Pasadena City College. This 10-unit complex is a mix of 8 one-bedroom and 2 two-bedroom units and is a great opportunity to invest in a vibrant growing neighborhood. Located within walking or biking distance of Colorado Boulevard and South Lake Avenue, the tenants have lots of options for shopping, dining and excellent coffee. The complex is well-maintained, each unit has parking, and there is a laundry facility located onsite. The rents are at or near market rate, making this investment property turnkey and easy to manage. Welcome to the Mar Vista Apartments, centrally located in the popular South Lake Avenue District of Pasadena and blocks from Caltech and Pasadena City College. This 10-unit complex is a mix of 8 one-bedroom and 2 two-bedroom units and is a great opportunity to invest in a vibrant growing neighborhood. Located within walking or biking distance of Colorado Boulevard and South Lake Avenue, the tenants have lots of options for shopping, dining and excellent coffee. The complex is well-maintained, each unit has parking, and there is a laundry facility located onsite. The rents are at or near market rate, making this investment property turnkey and easy to manage.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.talechiaandassociates.com/homes/155634269
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112 N Mar Vista Avenue Pasadena, CA 91106

  • Price: $4,188,000
  • Status: ACTIVE
  • On Site: 42 Days
  • Updated: 117 min ago
  • ID#: AR24175836
5
Beds
0
Baths
0
½ Baths
0.2
Acres
Neighborhood:
Pasadena (91106)
County:
Los Angeles
Area:
Pasadena (91106)
Property Description
Welcome to the Mar Vista Apartments, centrally located in the popular South Lake Avenue District of Pasadena and blocks from Caltech and Pasadena City College. This 10-unit complex is a mix of 8 one-bedroom and 2 two-bedroom units and is a great opportunity to invest in a vibrant growing neighborhood. Located within walking or biking distance of Colorado Boulevard and South Lake Avenue, the tenants have lots of options for shopping, dining and excellent coffee. The complex is well-maintained, each unit has parking, and there is a laundry facility located onsite. The rents are at or near market rate, making this investment property turnkey and easy to manage. Welcome to the Mar Vista Apartments, centrally located in the popular South Lake Avenue District of Pasadena and blocks from Caltech and Pasadena City College. This 10-unit complex is a mix of 8 one-bedroom and 2 two-bedroom units and is a great opportunity to invest in a vibrant growing neighborhood. Located within walking or biking distance of Colorado Boulevard and South Lake Avenue, the tenants have lots of options for shopping, dining and excellent coffee. The complex is well-maintained, each unit has parking, and there is a laundry facility located onsite. The rents are at or near market rate, making this investment property turnkey and easy to manage.
Exterior Features

Parking Garage Desc Unit1 Assigned Pool N/K

Interior Features

Cooling Wall/Window Heat Equipment Combination Heating Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Cooling 10 Units With Range Oven 10 Units With Refrigerators 10

Property Features

Actual Cap Rate 4.43 Annual Expense Actual 82682 Buildings 1 Cfd Mello Roos Fee 2154.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 15.6 Gross Scheduled Income Actual 268440 Home Owners Fees 0.0 Monthly Total Fees 179 Tenant Pays Cable TVElectricityGas/Propane Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 3150.0 Unit2 Rent Actual 1995.0 Unit3 Rent Actual 2025.0 Unit4 Rent Actual 1860.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of James Moran of Moran Real Estate Inc.: 626-644-4426. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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