Sale Pending
(MLS-listed)
Listed at: $1,240,000
638 North MAR VISTA Ave Pasadena, CA 91106
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 5,230 |
| $/Sq. Ft.: | $237 |
| Lot Size: | 0.38 Acres |
| Property Type: | Multi-Family |
| Style: | California Bungalow |
| Year Built: | 1927 |
| Community: | Northwest Pasadena |
| County: | Los Angeles |
| MLS#: | A09117354 |
| Source: | MRMLS |
| Status: | Pending |
| On Redfin: | 25 days |
638 N Mar Vista is a non rent control, well maintained Bungalow Court style apartment building located close to Bungalow Heaven district in City of Pasadena. It has 6 units, all 2 bedroom and 1 bathroom with immaculate landscaping. It is situated on a large lot of 16,466 SF. The property has copper plumbing throughout and an updated electrical wiring. Each unit has washer and dryer hookups, hardwood floor and pitched roof. Current financing is assumable with favorable terms and interest rates. The property is being sold together with 405 N Mentor Ave, Pasadena. Buyer can purchase this property together or individually. Property is within 1 mile radius of Old-Town Pasadena, providing tenants with all amenities Pasadena has to offer. Pasadena City College, and Colorado Blvd corridor is just minutes away from the property.
Laundry Information
- Inside Laundry
Parking Information
- # of Garage Spaces: 6
- # of Parking Spaces (Total): 6
- # of Other Spaces: 6
- Other (See Remarks)
Multi-Family Information
- # of Buildings: 5
- # of Electric Meters: 6
- # of Gas Meters: 6
- # of Wall Air Conditioners: 6
- 2 Bedroom Square Footage: 872
- Tenant Pays Electricity
- Tenant Pays Gas
Location Information
- Cross Streets: Orange Grove Blvd
- Driving Directions: from 210 Fwy, exit Hill Ave, go north, take left on Orange Grove Blvd, left on Mar Vista ave, property is on the left side
- Legal Tract #: 3019
- Legal Lot #: 12
Expense Information
- Total Annual: $24,021
- Operating: $24,021
Interior Features
- Hardwood Floors
- Turnkey
Building Information
- Frame and Stucco Construction
Unit 1 Information
- Number: 6
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,333
- Monthly Rent (Total): $8,000
- Projected Monthly Rent (Total): $1,400
Property Information
- Land Lease Type: Fee
- Tax Parcel Number: 5739006013
- Legal Disclosures: Seller/Owner/Principal Real Estate Licensed
- Legal Disclosures: Unknown Property Assessments
Listing Information
- MLS: MRMLS
- Possession: Close Of Escrow
- Listing Terms: Standard Sale
- Listing Terms: Cash
- Listing Terms: Cash To Existing Loan
- Listing Terms: Cash To New Loan
- Listing Terms: Assumable
Heating & Cooling
- Wall Heater
- Wall or Window Cooling Units
Community Features
- Units in Complex (Total): 6
Lot Information
- Lot Size (Sq. Ft.): 16,466
- Lot Size Source: Public Records
- Landscaped
Financial Information
- Capitalization Rate (%): 5.57
- Net Operating Income: $69,099
- Monthly Gross Income: $8,000
- Gross Operating Income: $93,120
- Gross Scheduled Income: $96,000
- Gross Rent Multiplier: 12.92
- Tax (Total): $5,405
- Tax Rate Year: 2008
- Vacancy Allowance (%): 3
Listing last changed
November 25, 2009, 12:55 PM
Overhead View of 638 North MAR VISTA Ave, Pasadena, CA 91106
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Property History for 638 North MAR VISTA Ave
| Date | Event | Price | Appreciation | Source |
|---|---|---|---|---|
| Nov 25, 2009 | Delisted | -- | -- | Inactive MRMLS #3 |
| Nov 03, 2009 | Listed | $1,240,000 | -- | Inactive MRMLS #3 |
NOTICE: There are past MLS listings for this property which are not being shown. In order to see these listings, MLS Rules require that you Sign In.
Public Facts for 638 North MAR VISTA Ave
| Beds: | 10 |
| Baths: | 6.0 |
| Finished Sqft: | 5230 |
| Unfinished Sqft: | - |
| Total Sqft: | 5230 |
| Floors: | - |
| Lot Size: | 16,466 |
| Style: | Multi-Family (5+ Unit) |
| Year Built: | 1927 |
| Year Renovated: | - |
| County: | Los Angeles County |
| APN: | 5739006013 |
| Last Updated: | November 17, 2009 |
These facts may not match MLS-provided listing facts.
Learn more.
Source: Public Records
Property Tax
| Taxable Value | |
| Land | $321,653 |
| Additions | $77,312 |
| Total | $398,965 |
| Tax (2008) | $5,406 |
Home Value Estimates for 638 North MAR VISTA Ave
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Link to this page at
http://www.redfin.com/CA/Pasadena/638-N-Mar-Vista-Ave-91106/home/7198836
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