620 N Mar Vista Ave - Apartments FOR SALE


Pasadena, CA 91106- Catalina Villas
$4,800,000 USD
626-757-3682
620 N Mar Vista Ave, Pasadena, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/15
null | 5.38% Cap Rate

620 N Mar Vista Ave
Pasadena, CA 91106
Catalina Villas


HIGHLIGHTS

  • Unit Mix 3 Bedrooms 1.5 Bath
  • Close proximity to old town pasadena, restaurants, and major retailers
  • Each unit offers it's own Central A/C & Heat
  • 2 assigned parking spaces for each unit

OVERVIEW

Twelve consistent 3-bedroom townhouse-style homes, built to last. 614-620 N Mar Vista Ave Pasadena. A 12-unit multifamily community arranged across two side-by-side, two-story buildings in a quiet Pasadena residential neighborhood. Built in 1983, the property delivers 13,632 rentable square feet on a 24,659 square foot lot - generous scale for the unit count, with a landscaped central corridor and mature palm and hedge plantings along the perimeter. Every one of the 12 units shares the same 3-bedroom, 1.5-bath floor plan - a layout in short supply across the San Gabriel Valley and consistently in demand. That uniformity simplifies renovation planning, rent comps, and day-to-day management for an incoming owner. Each unit is served by its own individual HVAC system, reducing common-area utility exposure. Covered parking runs along the ground floor of both buildings, and the pedestrian courtyard connecting them is fully landscaped - giving the property genuine curb appeal from the street and from the air. One unit (620-6) is currently vacant, offering an incoming owner immediate lease-up upside at market rent.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

12

PRICE/UNIT

$400,000

CAP RATE

5.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,694 SF

ZONING

R3

APN/PARCEL ID

5739-006-028

ASK ABOUT THIS PROPERTY

Amy ToCBD Investment Inc.More Info
626-757-3682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Amy ToCBD Investment Inc.More Info
626-757-3682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.