Properties

Pasadena, CA 91106 112 N Mar Vista Avenue

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Presented By: Handoko Chen with Growth Investment Group Pasade; han.chen@growthinvestmentgroup.com
  • MLS# AR26017573
  • 01/24/2026
  • Get pre-approved
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  • Baths • 1
  • SQFT • 6,920

Home Details

Prime 10-unit Value-add several blocks from CALTECH and PCC, 5.64% In-place CAP Rate in Class A Location, Very Well-maintained with no known deferred maintenance, Easy to Manage and Rent, Corner lot on Union St, Walkscore 94, 2 units are vacant and can be delivered vacant. 112 N Mar Vista, a very well-maintained property in an excellent location only several blocks away from CALTECH and Pasadena City College. With a walk score of 94 and proximity to many amenities in the area including Lake Ave District and Old Town Pasadena and flurries of restaurants along Colorado Blvd, this community offers an ease of management and easy to rent investment. Offered at an attractive 5.64% CAP Rate, this investment presents an excellent opportunity for savvy investors to buy a very well-located apartment with no known deferred maintenance and excellent in-place rents. The property was built in 1959 and situated on southeast corner of Mar Vista Ave and Union St. It has a total of ยฑ6,920SF building size and is situated on a large ยฑ8,744SF R4 lot. It has small lawn in the front with side paver stone courtyard that provides easy access to units. The roof is in excellent condition, all the windows have been upgraded, and the property has updated exterior paint. It offers an excellent unit mix of two (2) 2-bedroom+1-bathroom, and eight (8) 1-bedroom+1-bathroom units. Approximately 8 out of 10 of the units have had upgrades with updated kitchen, updated flooring and updated bathroom (buyer to verify). The units are spacious and bright with updated dual pane windows throughout. One unit is vacant and can be delivered vacant There are 9 parking spaces provided by carports in the back โ€“ there is no soft story retrofit required. Parking is secured by an automatic parking gate. There is a shared laundry room with sellerโ€™s own machines. Each unit is separately metered for gas and electricity.
Presented By: Handoko Chen with Growth Investment Group Pasade; han.chen@growthinvestmentgroup.com

Interior Features for 112 N Mar Vista Avenue

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Wood
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories2
Window FeaturesDouble Pane Windows

Other Rooms

Entry Level1

General for 112 N Mar Vista Avenue

AccessibilityNone
Additional Parcels Y/NNo
AppliancesGas Range, Microwave, Refrigerator
Architectural StyleMid-Century Modern
Building Area UnitsSquare Feet
Cap Rate5.64
Carport Spaces9
Carport Y/NYes
CityPasadena
Community FeaturesSuburban, Valley
Contingencynone
CoolingWall/Window Unit(s)
CountyLos Angeles
Current FinancingConventional
DirectionsFwy 210 exit Hill Ave - go south on Hill and make right turn on Union St, building will be on left corner about 2-3 blocks away
DisclosuresRent Control
ElectricStandard
Electric Expense
Entry Locationground
Facing DirectionWest
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income281280
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense11451
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet8736
Lot Size UnitsSquare Feet
MLS Area647 - Pasadena (SW)
MaintenanceExpense2500
Net Operating Income208067
New ConstructionNo
Number Of Units Total10
Number of Units Leased10
Open Parking Spaces0
Operating Expense71692
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityPASADENA
Property Attached Y/NYes
Property ConditionUpdated/Remodeled
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot20
Taxes$40,792
Tenant PaysElectricity, Gas
Total Actual Rent23614
Trash Expense3120
ViewMountain(s), Peek-A-Boo
Virtual TourClick here
Water Sewer Expense6900
Year Built1959
Year Built SourceAssessor
ZoningPSR4

Exterior for 112 N Mar Vista Avenue

Building Area Total6920
FencingWrought Iron
Lot FeaturesCorner Lot, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level, Value In Land
Lot Size Acres0.2006
Lot Size Area8736
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Parking FeaturesAssigned, Detached Carport
Private PoolNo
Road Surface TypePaved
SpaNo
Total Parking9
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,688,000
MLS#AR26017573
List Date 01/24/2026
Property Type Multi-Family
Phone 888.795.6274
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