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620 N Mar Vista Ave 12 Unit Apartment Building $6,760,704 CAD ($563,392 CAD/Unit) 5.38% Cap Rate Pasadena, CA 91106



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 | Apartment Style | Low-Rise |
| Price Per Unit | $563,392 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 5.38% | Building Size | 13,632 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Zoning | R3 | ||
| 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
| Parcel Number | 5739-006-028 | Improvements Assessment | $2,302,178 CAD |
| Land Assessment | $4,291,195 CAD | Total Assessment | $6,593,373 CAD |
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
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620 N Mar Vista Ave
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