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    628-634 N Mar Vista Avenue

    Pasadena, CA 91106
    • $1,250,000
    • STATUS: Active Under Contract
    • ON SITE: 27 days
    • ID#: PF20228801
    Under Contract
    UPDATED: 77 min ago
    $1,250,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,784
      SQFT
    • $449
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Mid-Century Cottage Fourplex. Don+GGt miss a wonderful opportunity to own a great bread-and-butter income property in central Pasadena. Only the third time on the market, this cottage fourplex is loaded with vintage charm. Comprising two similar and separate buildings, the four near-identical 1 BR and 1BA units are almost 700sf each. Additionally, there is a four-car carport at the rear of the property. All units are bright, featuring lots of windows, hardwood floors, renovated bathrooms, lots of storage, finished doors and woodwork throughout, laundry area inside each of the units and three units have tank-less water heaters. The buildings have been updated with copper plumbing and the entire exterior of the property and unit 634 was recently painted. Tenants pay their own utilities (gas, electric, trash) and the owner just pays for water. Opportunity knocks!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T10:26:58.02. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/111664408
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    628-634 N Mar Vista Avenue Pasadena, CA 91106

    • Price: $1,250,000
    • Status: Active Under Contract
    • Updated: 77 min ago
    • ID#: PF20228801
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    2,784
    SQFT
    $449
    $/SQFT
    1949
    Built
    Neighborhood:
    646 - Pasadena (NE)
    County:
    Los Angeles
    Area:
    646 - Pasadena (NE)
    Property Description
    Mid-Century Cottage Fourplex. Don+GGt miss a wonderful opportunity to own a great bread-and-butter income property in central Pasadena. Only the third time on the market, this cottage fourplex is loaded with vintage charm. Comprising two similar and separate buildings, the four near-identical 1 BR and 1BA units are almost 700sf each. Additionally, there is a four-car carport at the rear of the property. All units are bright, featuring lots of windows, hardwood floors, renovated bathrooms, lots of storage, finished doors and woodwork throughout, laundry area inside each of the units and three units have tank-less water heaters. The buildings have been updated with copper plumbing and the entire exterior of the property and unit 634 was recently painted. Tenants pay their own utilities (gas, electric, trash) and the owner just pays for water. Opportunity knocks!
    Exterior Features

    Carport Spaces 4.00 Foundation Details Raised Garage Spaces 0.00 Lot Features Front YardLot 6500-9999Rectangular LotLevelUtilities - Overhead Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportCommunity StructureCoveredDriveway Level Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Composition View None View YN No

    Interior Features

    Appliances Gas OvenGas RangeRefrigeratorTankless Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 696 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common WallNo One AboveNo One Below Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateWood Heating Wall FurnaceNatural Gas Heating YN Yes Interior Features Copper Plumbing Partial Laundry Features In KitchenInside Levels One Room Type All Bedrooms DownCenter Hall

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.79 Community Features CurbsGuttersSidewalksStreet Lights Country Us Current Financing None Elevation Units Feet Gardener Expense 1200.00 Gross Income 69660.00 Gross Multiplier 17.94 Gross Operating Income 67570.00 Gross Scheduled Income 69660.00 Inclusions Stoves / Refrigerators / Some Washers / Dryers Insurance Expense 2124.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Net Operating Income 47421.00 New Construction YN No New Taxes Expense 15625.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number Wall AC 2 Number With Disposal 0 Number With Range 4 Number With Refrigerator 4 Operating Expense 20149.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays ElectricityGasTrash Collection Total Actual Rent 4055.00 Total Expenses 20149.00 Trash Expense 0.00 Utilities Sewer Connected Vacancy Allowance 2089 Vacancy Allowance Rate 3.00 Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor Zoning Psr3

    Listing provided courtesy of Enrique Lizarazu of Deasy Penner Podley


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T10:26:58.02. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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