638 Mar Vista Avenue
638 Mar Vista Avenue
$2,400,000
2
6
5,230
5,230
$459
Closed 10/14/21
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.
- 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 Total6
Private PoolNo
Cooling TypeWall/Window
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area5230
Location
LISTING UPDATED: 10/14/2021 09:13 AM
Property Details for 638 Mar Vista Avenue
Status | Closed |
---|---|
MLS # | AR21199709 |
Days on Market | 9 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1927 |
County | Los Angeles County |
Location
Building Information for 638 Mar Vista Avenue
Building/Complex638 Mar Vista AveFloor-Stories1Residences-Pet Policy-Year Built1927Building Size-
Payment Calculator
$14,561 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 638 Mar Vista Avenue
Property History for 638 Mar Vista Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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