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Investment Highlights

  • Unit Mix 3 Bedrooms 1.5 Bath
  • Each unit offers it's own Central A/C & Heat
  • Close proximity to old town pasadena, restaurants, and major retailers
  • 2 assigned parking spaces for each unit

Executive Summary

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.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $499,430 $36.64
Other Income $4,483 $0.33
Vacancy Loss - -
Effective Gross Income $503,913 $36.97
Taxes - -
Operating Expenses - -
Total Expenses $140,249 $10.29
Net Operating Income $363,664 $26.68

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $499,430
Annual Per SF $36.64
Other Income (CAD)
Annual $4,483
Annual Per SF $0.33
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $503,913
Annual Per SF $36.97
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $140,249
Annual Per SF $10.29
Net Operating Income (CAD)
Annual $363,664
Annual Per SF $26.68

Property Facts

Price $6,760,704 CAD
Price Per Unit $563,392 CAD
Sale Type Investment
Cap Rate 5.38%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.57 AC
Building Size 13,632 SF
No. Stories 2
Year Built 1983
Parking Ratio 0.88/1,000 SF
Zoning R3

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Kitchen
  • Dining Room

Site Amenities

  • Fenced Lot
  • Gated

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1.5 12 - 1,000
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
5739-006-028
Land Assessment
$4,291,195 CAD
Improvements Assessment
$2,302,178 CAD
Total Assessment
$6,593,373 CAD
  • Listing ID: 41398813

  • Date on Market: 2026-07-22

  • Last Updated:

  • Address: 620 N Mar Vista Ave, Pasadena, CA 91106

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