380 N Mar Vista Avenue Pasadena, CA 91106
Fifteen-unit multifamily property on zoned RM48 land with entitlement possibilities for additional residential units.
Property Features for 380 N Mar Vista Avenue
General Information
- Standard status
- Active
- Lot size
- 1.04 Acres
- Property subtype
- Lots/Land
Listing office Century 21 Ludecke Inc. (626) 807-6725
Listing date Jun 25, 2026
Source Exitrealty
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 Century 21 Ludecke Inc.
Investment Insights
Based on property information with market context.
The overall lot area is 45,262 square feet (approximately 1.039 acres), and the site is identified as three parcels under zoning RM48: 5739-004-037, 5739-004-039, and 5739-004-051. The offering is structured as a for-sale investment with reported current monthly income of $27,698.
Beyond the existing rental housing, the RM48 zoning and the noted density bonus framework may support additional development opportunities, subject to confirmation with the City of Pasadena Building Department. The remarks indicate the ability to build up to 50 condominium/apartment units or up to 100 units with a maximum density bonus, subject to applicable requirements and approvals. This makes the asset worth a close look for buyers seeking current income-producing apartments alongside a pathway to potential redevelopment.
Key Highlights
- 15‑unit multifamily property: 6 units at 1165–1179 E Maple St, 4 units at 380 N Mar Vista Ave, and 4 units at 385 & 395 N Michigan Ave
- Monthly income of $27,698.00
- Lot size 45,262 SF (1.039 acres)
