CA > Pasadena
Pasadena, CA 91106,112 N Mar Vista AVE
Pasadena, CA 91106,112 N Mar Vista AVE
Pasadena, CA 91106,112 N Mar Vista AVE
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
$4,100,000
Est. payment /mo
8,736 Sqft Lot
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UPDATED:

01/06/2025 10:48 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR24245071

Originating Board California Regional MLS

Year Built 1959

Lot Size 8,736 Sqft

Property Description

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 close to 5% 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 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. There are 9 parking spaces provided by carpo

Location

State CA

County Los Angeles

Area 647 - Pasadena (Sw)

Rooms

Kitchen Microwave, Oven Range - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Laminate

Laundry Laundry Area, Washer/Dryer - Owned

Exterior

Parking Features Assigned Spaces, Detached Garage

Garage Spaces 9.0

Pool 31, None

View Hills, 30

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 5738013030

Special Listing Condition Not Applicable

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Listed by Han Chen • Growth Investment Group Pasade

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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