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 close to 5% 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 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. 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. The property is located within the central Pasadena area (near Pasadena City College and California Institute of Technology), south of 210 Freeway and just within minutes to Old Town Pasadena area. Boasting a Walk Score of 94 with SUPERB demographics, it offers a superior location with easy access to FWY 210 and FWY 134. It is approximately a mile away from Pasadena Playhouse District, and around ±1.8miles from Old Town Pasadena. It is also just minutes from The Pasadena Convention Center, Norton Simon Museum, Pacific Asia Museum, shopping and dining in the area. The property has superb access to FWY 210 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway.
Property Details
Property Features
Property Information:
Architectural Style: Mid-Century Modern
Year Built: 1959
Stories: 2
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 224-2495
Listing Agent: Han Chen
Interior Features
Interior Information:
Appliances: Gas Range, Microwave, Refrigerator
Flooring Type: Laminate, Wood
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: Mountain(s)
Parking Information:
Parking: Assigned, Detached Carport
Lot Features
Lot Information:
Lot: Corner Lot, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot
Lot Size: 0.20 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: Fwy 210 exit Hill Ave - go south on Hill and make right turn on Union St, building will be on left corner about 2-3 blocks away
Price Information
Listing Price Info
Price Summary:
List Price: $4,100,000
Tax Information:
Annual Amount: $27,205
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Pasadena, CA.
This property is $2.8M more than the Median Sold Price in Pasadena, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #AR24245071
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 224-2495
Listing Agent: Han Chen
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 01, 2010
Jul 01, 2010Home Sold
$675,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$27,205
$2,360,410
2020
$26,199
$2,335,242
2019
$26,674
$2,289,454
2018
$26,388
$2,244,564
2017
$26,388
$2,200,554
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Madison Elementary School
515 E Ashtabula St
Distance between this listing and this school1.10 miles
Public District Grades PK-5
6
/10
Hamilton Elementary School
2089 Rose Villa St
Distance between this listing and this school1.19 miles
Public District Grades PK-5
6
/10
Longfellow Elementary School
1065 E Washington Blvd
Distance between this listing and this school1.49 miles
Public District Grades PK-5
Nearby Schools
3
/10
McKinley School
325 S Oak Knoll Ave
Distance between this listing and this school0.77 miles
Public District Grades KG-8
4
/10
Washington STEAM Multilingual Academy
1505 N Marengo Ave
Distance between this listing and this school2.03 miles
Public District Grades 6-8
9
/10
Henry E. Huntington Middle School
1700 Hntngtn Dr
Distance between this listing and this school2.17 miles
Public District Grades 6-8
Nearby Schools
2
/10
Rose City High (Continuation)
351 S Hudson Ave
Distance between this listing and this school0.74 miles
Public District Grades 9-12
6
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school1.31 miles
Public District Grades 6-12
5
/10
Blair High School
1201 S Marengo Ave
Distance between this listing and this school1.88 miles
The neighbors living near this home have an average income of $76,019. Residents of Pasadena, CA typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 112 N Mar Vista Ave
What is the listing price of this property?
The listing price of 112 N Mar Vista Ave property is $4,100,000.
What type of property is this?
The property 112 N Mar Vista Ave is a condo located in Pasadena, California, 91106.
Is this property for sale now?
Active Listing: 112 N Mar Vista Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $27,205 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 1, 2010 for $675,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 112 N Mar Vista Ave is 1959.
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This home is located at 112 N Mar Vista Ave in Pasadena, CA and zip code 91106 in the The Verdugos neighborhood. This home, which was built in 1959, sits on a 0.20 acre lot. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $4,100,000.
Over 43 listings were sold over their listed price in November 2024 in Pasadena, CA. In the same period over 21 listings were sold below the listed price and 13 listings were sold for the listed price. In November 2024 in Pasadena, CA there were 9.9% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $1,212,217, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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