NOT LISTED FOR SALE

265 N Mar Vista Ave Pasadena, CA 91106

Playhouse Village Neighborhood

Estimated Value: $1,221,000 - $1,262,355

5 Beds
3 Baths
1,828 Sq Ft
$679/Sq Ft Est. Value

Sale Details

Date Sold: September 3, 2025

Last sale price $1,250,000 $684 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,038 / mo

1 Day on Market

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard

About This Home

As of September 2025

Charming Craftsman with Bungalow Guest House on Oversized Lot – Zoned for Multi-Unit Potential

Located on a picturesque tree-lined street, this beautifully maintained property sits on a spacious 8,800 sq ft lot and is zoned for up to 5–6 units (buyer to verify all development possibilities directly with the city). A rare opportunity for investors, developers, or owner-users seeking rental income or extended family living. Seller will provide previously city-approved plans upon accepted offer.

The front home is a classic two-story Storybook Craftsman built in 1930, full of character and curb appeal. It features 3 bedrooms, a bolted foundation, and includes a detached center structure offering a bonus room/office and an additional storage area. A private yard connects the front home to this space, making it ideal for a creative studio or remote work setup.

The rear home is a charming 2-bedroom bungalow with updated kitchen and bathroom, hardwood floors, stainless steel appliances, and its own large, grassy private yard—perfect for entertaining or relaxation.

Additional features include:

Stainless steel appliances in both units

Plenty of on-site parking including a carport

Fully occupied with solid rental income, but can be delivered vacant

Prime Pasadena location near Lake Ave, PCC, Caltech, Old Town, The Paseo, and the 210 Freeway. A true investor's delight or a perfect setup for multigenerational living. Don’t miss this rare, versatile, and income-generating gem you can't effort to miss!

Last Agent to Sell the Property

Wei Wang

RE/MAX CHAMPIONS Brokerage Phone: 626-427-5886 License #01899920 Listed on: 08/07/2025

RE/MAX CHAMPIONS

Last Buyer's Agent

NONE NONE

None MRML License #N/A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 8,821 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,828 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 4 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Private Water Source

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 462302
  • Assessor Parcel Number 5738010033
  • $574 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $15,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

8,821 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Zoning: PSR3
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5738010033
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 683.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 8821.00
  • Lot Size Acres: 0.2025

Multi Family

  • Average2 Bed Area: 870 Square Feet
  • Average3 Bed Area: 958 Square Feet
  • Gross Scheduled Income: 151000.00
  • Lot Size Area: 8821.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 15000.00

Tax Info

  • Tax Census Tract: 4623.02
  • Tax Lot: 11
  • Tax Tract Number: 462302
  • TaxOtherAnnualAssessmentAmount: 574.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2025
Closed on
Oct 10, 2025
Sold by
Bought by
Seller's Agent
Wei Wang
RE/MAX CHAMPIONS
Buyer's Agent
NONE NONE
None MRML
List Price
$1,199,950
Sold Price
$1,250,000
Premium/Discount to List
$50,050
4.17%
Views
21
Current Estimated Value
$1,240,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,411
Avg. Annual Appreciation
-0.83%
Original Mortgage
$750,000
Interest Rate
0.0613%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2025
Closed on
Aug 14, 2025
Sold by
Bought by
Seller's Agent
Wei Wang
RE/MAX CHAMPIONS
Buyer's Agent
NONE NONE
None MRML
List Price
$1,199,950
Sold Price
$1,250,000
Premium/Discount to List
$50,050
4.17%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0613%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 21, 2022
Closed on
Oct 11, 2022
Sold by
Bought by
Seller's Agent
Wei Wang
RE/MAX CHAMPIONS
Buyer's Agent
Wei Wang
RE/MAX CHAMPIONS
List Price
$1,200,000
Sold Price
$1,200,000
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.50%
Original Mortgage
$720,000
Interest Rate
0.0588%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
0.028%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 10, 2016
Closed on
Apr 13, 2016
Sold by
Bought by
Seller's Agent
Michael Fulp
eXp Realty of California Inc
Buyer's Agent
Lana La Oy Ng
Cal Assets & Associates
List Price
$875,000
Sold Price
$862,000
Premium/Discount to List
-$13,000
-1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%
Original Mortgage
$517,500
Interest Rate
0.0368%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
0.0604%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 1998
Sold by
Bought by

Purchase Details

Closed on
Aug 28, 1995
Sold by
Bought by

Purchase Details

Closed on
Jul 14, 1995
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,250,000 California Best Title
$1,200,000 California Best Title
-- Accommodation/Courtesy Recordi
$862,500 Title 365
-- Southland Title
-- South Coast Title
-- --
$162,000 First American
$184,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $750,000
Closed $720,000
Previous Owner $645,000
Previous Owner $517,500
Previous Owner $560,000
Previous Owner $420,000
Previous Owner $262,500
Previous Owner $35,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/03/2025 09/03/25 Sold $1,250,000 +4.2% $684 / Sq Ft
08/08/2025 08/08/25 Pending -- -- --
08/07/2025 08/07/25 For Sale $1,199,950 0.0% $656 / Sq Ft
12/06/2022 12/06/22 Sold $1,200,000 0.0% $656 / Sq Ft View Prior Sale
10/21/2022 10/21/22 Pending -- -- --
10/21/2022 10/21/22 For Sale $1,200,000 +39.2% $656 / Sq Ft
04/26/2016 04/26/16 Sold $862,000 -1.5% $472 / Sq Ft View Prior Sale
04/11/2016 04/11/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $875,000 -- $479 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,715 $1,248,480 $1,040,400 $208,080
2024 $13,984 $1,224,000 $1,020,000 $204,000
2023 $13,867 $1,200,000 $1,000,000 $200,000
2022 $11,049 $962,129 $865,641 $96,488
2021 $10,598 $943,265 $848,668 $94,597
2020 $10,173 $933,594 $839,966 $93,628
2019 $10,201 $915,290 $823,497 $91,793
2018 $10,391 $897,344 $807,350 $89,994
2016 $2,957 $227,322 $140,326 $86,996
2015 $2,923 $223,909 $138,219 $85,690
2014 $2,880 $219,524 $135,512 $84,012
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2025

    Wei Wang

    RE/MAX

    (626) 427-5886

    2 in this area

    65 Total Sales

    Wei Wang
    Section Image

  • N

    Buyer's Agent in 2025

    NONE NONE

    None MRML

  • Michael Fulp

    Seller's Agent in 2016

    Michael Fulp

    eXp Realty of California Inc

    (626) 695-8208

    1 Total Sale

    Michael Fulp
    Section Image

  • L

    Buyer's Agent in 2016

    Lana La Oy Ng

    Cal Assets & Associates

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25178241

California Regional Multiple Listing Service (CRMLS)

APN: 5738-010-033

California Los Angeles County Pasadena 91106 Playhouse Village

265 N Mar Vista Ave, Pasadena, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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