638 N Mar Vista Ave Pasadena, CA 91106
Northwest Pasadena Neighborhood
2
Beds
1
Bath
5,230
Sq Ft
0.38
Acres
Highlights
- 0.38 Acre Lot
- Property is near public transit
- No HOA
- Pasadena High School Rated A
- Wood Flooring
- Crown Molding
About This Home
As of October 20216-unit single story Bungalow style apartment investment opportunity located in the City of Pasadena, CA. The property is unique due to its beautiful single story bungalow style layout and its excellent location just a block from “Bungalow Heaven” area. It offers ALL large 2Bedroom+1bathroom units. It is conveniently located within a mile from Old Town Pasadena, and just several blocks away from Lake Avenue and Pasadena City College. The property has been in the same ownership for more than a decade!
The 6 units are spread out in five single story bungalows with attractive landscaping. It has a total of ±5,230SF living space on a large R3 ±16,466 square foot lot. It offers an excellent unit mix of ALL 2bedroom+1bathroom – each unit is averaging ±870SF in size. Each unit has an excellent layout with living room, separate dining room, original hardwood floors, custom paint colors, extensive crown moldings, wall panels, windows A/C, tiled kitchen flooring and tiled bathroom, and ceiling fans in bedrooms. Each unit has washer/dryer hookups (laundry machines were provided for some units).
The property is listed under national register of historic places.
Each unit is separately metered for gas and electric and the property has copper plumbing and updated electrical wiring (completed more than a decade ago). The exterior was recently painted. Parking is provided by 2 detached car garages in the back – each unit gets 1 garage parking space; zero soft story retrofit required. All tenants except 1 in this community are long time tenants that are on month to month and are due for rent increases (AB1482 – 5%+CPI). Additional significant rental upside can be realized when units turn in the future.
The property is located just a block away from Lake Ave and within walking distance to myriad of shopping and other amenities on Lake Ave and Colorado Blvd. It is within minutes from Old Town Pasadena, Rose Bowl, The Paseo on Colorado, museums, theaters, entertainments, groceries, cafes, shops, and other fantastic amenities in Pasadena. It has an excellent demographics of $103,130 average household income within a 1-mile radius. The property has superb access to FWY 210 and 110 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway. It is minutes away from FWY 110 that connect to Downtown Los Angeles.
Last Agent to Sell the Property
GIG Real Estate Inc. License #01749321 Listed on: 09/16/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1927
Lot Details
- 0.38 Acre Lot
- 1 Common Wall
- Rectangular Lot
- Level Lot
- Sprinkler System
- Front Yard
- Density is 31-35 Units/Acre
Parking
- 6 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Bungalow
- Apartment
Interior Spaces
- 5,230 Sq Ft Home
- 1-Story Property
- Crown Molding
- Living Room
- Wood Flooring
- Gas Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Location
- Property is near public transit
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 16
- Tax Tract Number 3019
- Assessor Parcel Number 5739006013
- $1,661 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 6 Units
Building Details
- 7 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
Similar Homes in Pasadena, CA
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/06/2022 06/06/22 | Rented | $2,300 | 0.0% | -- |
| 05/30/2022 05/30/22 | For Rent | $2,300 | 0.0% | -- |
| 10/14/2021 10/14/21 | Sold | $2,400,000 | 0.0% | $459 / Sq Ft |
| 10/06/2021 10/06/21 | Pending | -- | -- | -- |
| 09/25/2021 09/25/21 | Off Market | $2,400,000 | -- | -- |
| 09/16/2021 09/16/21 | For Sale | $2,400,000 | -- | $459 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Ching Louie
Seller's Agent in 2022
Ching Louie
Louie Properties, Inc.
(626) 214-8138
9 Total Sales
-
Han Widjaja-Chen
Seller's Agent in 2021
Han Widjaja-Chen
GIG Real Estate Inc.
(626) 594-4901
3 in this area
45 Total Sales
-
Lina Zhang
Buyer's Agent in 2021
Lina Zhang
RE/MAX
2 in this area
37 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR21199709
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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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