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Investment Highlights

  • Pasadena Income Property

Executive Summary

Bungalow-style six-unit apartment complex offers a great investment opportunity in the heart of Pasadena, California. The location is excellent, providing easy access to all the amenities of Old Town Pasadena. Each unit is a spacious two-bedroom, one-bathroom apartment with two parking spaces. The complex is conveniently located within a mile of the city center, ensuring a steady stream of income from long-term tenants. Most units have been recently updated to meet current standards. This is an ideal long-term investment opportunity for investors looking to generate cash flow.

Property Facts

Total Building Size 5,230 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 1
Typical Floor Size 5,230 SF
Year Built 1927
Lot Size 0.38 AC
Parking Ratio 1.15/1,000 SF
Zoning PSR3 - Limited Density Multiple Residence

Amenities

Unit Amenities

  • Air Conditioning
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Hardwood Floors

1 Unit Available

Unit 6

Unit Size 5,230 SF
Price $3,597,810 CAD
Price Per SF $687.92 CAD
Condo Use Flex
Sale Type Investment
APN/Parcel ID 5739-006-013
Description

Bungalow-style six-unit apartment complex offers a great investment opportunity in the heart of Pasadena, California. The location is excellent, providing easy access to all the amenities of Old Town Pasadena. Each unit is a spacious two-bedroom, one-bathroom apartment with two parking spaces. The complex is conveniently located within a mile of the city center, ensuring a steady stream of income from long-term tenants. Most units have been recently updated to meet current standards. This is an ideal long-term investment opportunity for investors looking to generate cash flow.

Sale Notes

Total income is $170,280 per Year

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Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 - 872
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
  • Listing ID: 40037098

  • Date on Market: 2026-04-05

  • Last Updated:

  • Address: 638-650 Mar Vista Ave, Pasadena, CA 91106

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