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112 N Mar Vista Ave
For Sale $3,850,000
$3,850,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 8,736 Sq Ft
Description
Prime 10-unit Value-add several blocks from CALTECH and PCC, 5.25% 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, 1 unit is 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 5.25% 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. One unit is vacant and can be delivered vacant
There are 9 parking spaces provided by carports in the back – there is no soft story retrofit required. Parking is secured by an automatic parking gate. There is a shared laundry room with seller’s own machines. Each unit is separately metered for gas and electricity.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,850,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1959 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5738013030 |
| MLS # | AR26017573 |
| Property ID | 292771180 |
| Lot Sqft | 8,736 |
| Zoning | PSR4 |
| Total Units | 10 |
| Days on Market | 15 |
| Original List Price | $3,850,000 |
| Applicances | Gas Range,Microwave,Refrigerator% |
| Date Updated | January 24, 2026 |
| Date Created | January 24, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $286,440 | $0 |
| Net Income (Yr) | $ 202,171 |
| Cap Rate | 5.25% |
Listing Provided By
Handoko Chen an agent of . Lic #01749321
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 24, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
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