Pasadena Multifamily Investment
For Sale
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112 Mar Vista Ave, Pasadena, CA 91106
Well-maintained 10-unit apartment near Caltech and PCC.
Property Size6,920 SF
Lot Size0.20 Acres
Price / SF$556.36
Days on Market203
Property Features for 112 Mar Vista Ave
General Information
Standard status
Active
Size
6,920 SF
Class
B
Lot size
0.20 Acres
Property subtype
Multifamily
Zoning
PSR4
Building Details
Year Built
1959
Listing Agency:
Growth Investment Group
(626) 224-2495
Listed By:
Handoko Chen · License #CA 01749321
Source:
Crexi
Added: Jan 22
Changed: Aug 8
Last Checked: Jul 19 at 3:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Growth Investment Group
Investment Insights
Based on property information with market context.
This well-maintained 10-unit apartment building is located several blocks from Caltech and Pasadena City College. Built in 1959, the property is situated on the southeast corner of Mar Vista Avenue and Union Street, on an 8,744 square-foot R4 lot. The building has a total of 6,920 square feet. The property features a small front lawn and a side paver stone courtyard for easy unit access. Upgrades include an excellent condition roof, updated windows, and updated exterior paint. The unit mix consists of two 2-bedroom, 1-bathroom units and eight 1-bedroom, 1-bathroom units. Approximately 8 out of 10 units have been upgraded with updated kitchens, flooring, and bathrooms. The units are spacious and bright, featuring updated dual-pane windows throughout. One unit is vacant. There are 9 carport parking spaces in the back, secured by an automatic gate. A shared laundry room is available with the seller’s machines. Each unit is separately metered for gas and electricity. The property is located in central Pasadena, near Pasadena City College and California Institute of Technology, south of the 210 Freeway, and minutes from Old Town Pasadena. It has a Walk Score of 94 and offers access to the 210 and 134 Freeways. It is approximately one mile from the Pasadena Playhouse District and 1.8 miles from Old Town Pasadena, with proximity to the Pasadena Convention Center, Norton Simon Museum, and Pacific Asia Museum.
Key Highlights
- Prime location near CALTECH and Pasadena City College (PCC) with an impressive Walk Score of 94.
- Attractive 5.25% in‑place CAP Rate in a Class A location.
- Well‑maintained property, easy to manage and rent, with no known deferred maintenance.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,339
Businesses Nearby
Explore this area
Business Placement
Demographics for 91106, CA
24,172
Population
11,809
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
2.7 sq mi
ZIP Area
8,953
Density / Sq Mi
$89,213
Median Household Income
$59,700
Median Earnings
$2,096
Median Rent
$966,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 10-unit apartment near Caltech and PCC.
Where is this apartment building located?
The property is located at 112 Mar Vista Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Prime location near CALTECH and Pasadena City College (PCC) with an impressive Walk Score of 94.; Attractive 5.25% in‑place CAP Rate in a Class A location.; Well‑maintained property, easy to manage and rent, with no known deferred maintenance.
