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638-650 Mar Vista Ave 5,230 SF Flex Condo Unit Offered at $3,547,061 CAD in Pasadena, CA 91106
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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 5739-006-013 |
| Cap Rate | 5.73% |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| 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
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 6 | 5,230 SF | Flex | $3,547,061 CAD ($678.21 CAD/SF) | $203,390.98 CAD |
Unit 6
| Unit Size |
| 5,230 SF |
| Condo Use |
| Flex |
| Price |
| $3,547,061 CAD ($678.21 CAD/SF) |
| NOI |
| $203,390.98 CAD |
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Unit 6
| Unit Size | 5,230 SF |
| Condo Use | Flex |
| Price | $3,547,061 CAD ($678.21 CAD/SF) |
| NOI | $203,390.98 CAD |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| 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.</li></ul> | |
| Sale Notes | |
| Total income is $170,280 per Year</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,230 SF | Typical Floor Size | 5,230 SF |
| Property Type | Multifamily (Condo) | Year Built | 1927 |
| Property Subtype | Apartment | Lot Size | 0.38 AC |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Floors | 1 | ||
| Zoning | PSR3 - Limited Density Multiple Residence | ||
| 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 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 872 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
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Presented by
Jenny Ma, Broker
638-650 Mar Vista Ave
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