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5-Unit Townhouse-Style Apartment Building
New
For Sale
$4,100,000

148 N Mar Vista Ave, Pasadena, CA 91106

Five separately parceled residences feature two-story layouts, private outdoor space, and a gated shared courtyard.

Property Size7,450 SF
Lot Size0.20 Acres
Price / SF$550.34
Days on Market6

Property Features for 148 N Mar Vista Ave

General Information

Standard status Active
Size 7,450 SF
Elevators Yes
Lot size 0.20 Acres
Property subtype Multi-Family

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 1 x 3BR/3BA, 4 x 3BR/3.5BA
Multifamily Units 5

Amenities

gated entry
courtyard
landscaping
subterranean parking garage
elevator
in-unit washer/dryer
private patios and balconies

Building Details

Year Built 2009
Listing Agency: CB RICHARD ELLIS
Listed By: Eric Chen eric.chen@cbre.com
Source: Mysandiegoareahomesearch
Added: Oct 8 Changed: Oct 11 Last Checked: Oct 12 at 8:34PM

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 CB RICHARD ELLIS

Investment Insights

Based on property information with market context.

Built in 2009, this five-residence apartment property comprises individually parceled, two-story townhouse-style units. The mix includes one three-bedroom, three-bathroom residence and four three-bedroom, three-and-a-half-bathroom residences. The 7,450-square-foot building occupies an 8,682-square-foot lot, with an average residence size of 1,496 square feet. Interior details include open kitchens with stainless steel appliances and granite counters, in-unit stackable washers and dryers, primary suites with double vanities, and private patios or balconies. Shared features include gated entry, a landscaped courtyard, subterranean parking, an elevator, and two stairwells.

The property is south of I-210 and a few blocks from Colorado Boulevard. Pasadena City College is within walking distance, and Lake Metro Rail Station provides access to the Metro A Line and direct service to Downtown Los Angeles. Nearby destinations include Old Pasadena, the Pasadena Playhouse District, and The Shops on Lake Avenue; access to the 210, 134, 110, 2, and 5 freeways is also noted.

Key Highlights

  • Five individually parceled residences in a single apartment property
  • Unit mix: one 3‑bedroom/3‑bathroom and four 3‑bedroom/3.5‑bathroom homes
  • 7,450‑square‑foot building on an 8,682‑square‑foot lot; average unit size is 1,496 square feet

Property Analytics

Current Use

Minh Development & Management Business Management Consultant

Suggested Use

Top Pick Butcher Food Market Mobile Phone Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

6,985
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five separately parceled residences feature two-story layouts, private outdoor space, and a gated shared courtyard.
Where is this apartment building located?
The property is located at 148 N Mar Vista Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Five individually parceled residences in a single apartment property; Unit mix: one 3‑bedroom/3‑bathroom and four 3‑bedroom/3.5‑bathroom homes; 7,450‑square‑foot building on an 8,682‑square‑foot lot; average unit size is 1,496 square feet
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