638 Mar Vista Avenue

Pasadena, CA 91106

$2,400,000
Last Sold Price
2
Beds
6
Baths
5,230 Sq. Ft.
$459 / Sq. Ft.
5,230
Sq. Ft.
$459
per Sq. Ft.

Description

6-unit single story Bungalow style apartment investment opportunity located in the City of Pasadena, CA. The property is unique due to its beautiful single story bungalow style layout and its excellent location just a block from “Bungalow Heaven” area. It offers ALL large 2Bedroom+1bathroom units. It is conveniently located within a mile from Old Town Pasadena, and just several blocks away from Lake Avenue and Pasadena City College. The property has been in the same ownership for more than a decade!...6-unit single story Bungalow style apartment investment opportunity located in the City of Pasadena, CA. The property is unique due to its beautiful single story bungalow style layout and its excellent location just a block from “Bungalow Heaven” area. It offers ALL large 2Bedroom+1bathroom units. It is conveniently located within a mile from Old Town Pasadena, and just several blocks away from Lake Avenue and Pasadena City College. The property has been in the same ownership for more than a decade! The 6 units are spread out in five single story bungalows with attractive landscaping. It has a total of ±5,230SF living space on a large R3 ±16,466 square foot lot. It offers an excellent unit mix of ALL 2bedroom+1bathroom – each unit is averaging ±870SF in size. Each unit has an excellent layout with living room, separate dining room, original hardwood floors, custom paint colors, extensive crown moldings, wall panels, windows A/C, tiled kitchen flooring and tiled bathroom, and ceiling fans in bedrooms. Each unit has washer/dryer hookups (laundry machines were provided for some units). The property is listed under national register of historic places. Each unit is separately metered for gas and electric and the property has copper plumbing and updated electrical wiring (completed more than a decade ago). The exterior was recently painted. Parking is provided by 2 detached car garages in the back – each unit gets 1 garage parking space; zero soft story retrofit required. All tenants except 1 in this community are long time tenants that are on month to month and are due for rent increases (AB1482 – 5%+CPI). Additional significant rental upside can be realized when units turn in the future. The property is located just a block away from Lake Ave and within walking distance to myriad of shopping and other amenities on Lake Ave and Colorado Blvd. It is within minutes from Old Town Pasadena, Rose Bowl, The Paseo on Colorado, museums, theaters, entertainments, groceries, cafes, shops, and other fantastic amenities in Pasadena. It has an excellent demographics of $103,130 average household income within a 1-mile radius. The property has superb access to FWY 210 and 110 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway. It is minutes away from FWY 110 that connect to Downtown Los Angeles.
  1. Listed by Handoko Chen • DRE #01749321 • Brokerage DRE #02021933 • GIG Real Estate Inc.

Property Details for 638 Mar Vista Avenue

Architectural Style
Bungalow
Parking Spaces Total
6
Private Pool
No
Cooling Type
Wall/Window
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5230

Location

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321

Sold By RE/MAX PREMIER/SANMARINO, LINA ZHANG, DRE #01188114

Add your commute
LISTING UPDATED: 10/14/2021 09:13 AM

Property Details for 638 Mar Vista Avenue

StatusClosed
MLS #AR21199709
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
CountyLos Angeles County

Location

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321

Sold By RE/MAX PREMIER/SANMARINO, LINA ZHANG, DRE #01188114

Add your commute

Building Information for 638 Mar Vista Avenue

Building/Complex638 Mar Vista AveFloor-Stories1Residences-Pet Policy-Year Built1927Building Size-

Payment Calculator

$14,561 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,098

Property Taxes

$1,463

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 638 Mar Vista Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $0
  • Net Operating Income: $0
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • Operating Expense Percent: .00%
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 3019
  • Tax Census Tract: 4623.01
  • CFD/Mello-Roos Fee: $1,661
  • Tax Lot: 16
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Dryer, Gas Dryer Hookup, Washer
  • Interior Features: Crown Molding
  • Room Type: Laundry, Living Room
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Flooring: Wood
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 31-35 Units/Acre, Front Yard, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, Sprinkler System
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Available, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 6
  • Number With Refrigerator: 0
  • Number With Disposal: 6
  • Number Wall AC: 6

Property History for 638 Mar Vista Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 638 Mar Vista Avenue

Taxable ValueLand$1,224,000Additions$1,224,000Total$2,448,000
Tax Record2023$17,553 ($1,463 / month)
Home Facts
Total Finished SqFt5,230 SqFtAbove Grade Finished SqFt5,230 SqFtLot Size16,506 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningPSR3CountyLOS ANGELESAPN5739-006-013

Schools near 638 Mar Vista Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Jefferson Elementary School
PublicK to 5

Charles W. Eliot Middle School
Public6 to 8

Pasadena High School
Public9 to 12

Marshall Fundamental School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.