112 N Mar Vista Avenue, Pasadena, CA 91106

• 3 beds |
• 2 baths

Property Description

SELLER MOTIVATED $565K PRICE REDUCTION! Prime 10-unit Value-add several blocks from CALTECH and PCC, 6.22% In-place CAP Rate in Class A Location, Corner lot on Union St, RM-48 Zone, Walkscore 94, Long-time owner, Very Well-maintained. 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 6.22% 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 6,920SF building size and is situated on a large 8,744SF 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. Two units are vacant and can be delivered vacant There are 9 parking spaces

Listing Status:

Active

Date Added:

January 24, 2026

Data Last Updated:

May 20, 2026 at 6:11PM

Listing Office:

Growth Investment Group Pasade : 626-594-4900

Listing Agent:

Handoko Chen : 626-224-2495

MLS ID:

AR26017573

Interior

• A/C: Wall/Window

Exterior

• General: N/K
• Pool: N/K

Construction

• General: 2 Story

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Assessor5738013030

Financial

• Source: California Regional MLS