614 620 N Mar Vista, Pasadena, CA 91106

$4,800,000

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List Price
$4,800,000
Status
ACTIVE
MLS#
AR26156521
Year Built
1983
Lot Size
24,585
Acres
0.56
Lot Location
Front Yard, Yard
Days on Market
7
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

Twelve consistent 3-bedroom townhouse-style homes, built to last. 614-620 N Mar Vista Ave Pasadena. A 12-unit multifamily community arranged across two side-by-side, two-story buildings in a quiet Pasadena residential neighborhood. Built in 1983, the property delivers 13,632 rentable square feet on a 24,659 square foot lot - generous scale for the unit count, with a landscaped central corridor and mature palm and hedge plantings along the perimeter. Every one of the 12 units shares the same 3-bedroom, 1.5-bath floor plan - a layout in short supply across the San Gabriel Valley and consistently in demand. That uniformity simplifies renovation planning, rent comps, and day-to-day management for an incoming owner. Each unit is served by its own individual HVAC system, reducing common-area utility exposure. Covered parking runs along the ground floor of both buildings, and the pedestrian courtyard connecting them is fully landscaped - giving the property genuine curb appeal from the street and from the air. One unit (620-6) is currently vacant, offering an incoming owner immediate lease-up upside at market rent.

Additional Information

Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Roof
Flat
Sewer
Unknown
Water
Public
Attached Structure
Attached
Number Of Units Total
12
Gross Scheduled Income
$357,771
Operating Expense
99576

Listing courtesy of Listing Agent: Van Tuyet To (amytto@yahoo.com) from Listing Office: CBD Investment Inc..

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.