112 N Mar Vista AVE Pasadena, CA 91106
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26017573
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1959
Lot Size 8,738 Sqft
Property Sub-Type Apartment
Property Description
112 N Mar Vista, a very well-maintained property in an excellent location only several blocks away from CALTECH and Pasadena City College. With a walk score of 94 and proximity to many amenities in the area including Lake Ave District and Old Town Pasadena and flurries of restaurants along Colorado Blvd, this community offers an ease of management and easy to rent investment. Offered at an attractive 5.25% CAP Rate, this investment presents an excellent opportunity for savvy investors to buy a very well-located apartment with no known deferred maintenance and excellent in-place rents.
The property was built in 1959 and situated on southeast corner of Mar Vista Ave and Union St. It has a total of ±6,920SF building size and is situated on a large ±8,744SF R4 lot. It has small lawn in the front with side paver stone courtyard that provides easy access to units. The roof is in excellent condition, all the windows have been upgraded, and the property has updated exterior paint. It offers an excellent unit mix of two (2) 2-bedroom+1-bathroom, and eight (8) 1-bedroom+1-bathroom units. Approximately 8 out of 10 of the units have had upgrades with updated kitchen, updated flooring and updated bathroom (buyer to verify). The units are spacious and bright with updated dual pane windows throughout. One unit is vacant and can be delivered vacant
There are 9 parking spaces provided by carports in the back – there is no soft story retrofit required. Parking is secured by an automatic parking gate. There is a shared laundry room with seller's own machines. Each unit is separately metered for gas and electricity.
Location
State CA
County Los Angeles
Area 647 - Pasadena (Sw)
Zoning PSR4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range, Microwave, Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned, Detached Carport
Carport Spaces 9
Fence Wrought Iron
Pool None
Community Features Suburban, Valley
View Y/N Yes
View Mountain(s), Peek-A-Boo
Accessibility None
Total Parking Spaces 9
Private Pool No
Building
Lot Description Corner Lot, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level, Value In Land
Faces West
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5738013030
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10523
GET MORE INFORMATION