409 Mar Vista Avenue

Pasadena, CA 91106

$1,350,000
Price
4
Beds
3
Baths
2,389 Sq. Ft.
$565 / Sq. Ft.
2,389
Sq. Ft.
$565
per Sq. Ft.

Description

409 N Mar Vista Ave, a value-add Triplex (3 unit) apartment community in the City of Pasadena. First time ever offered for sale since 1998 (26 years), the property offers desirable single story bungalow layout and consists of a single story SFR, and single-story duplex on the same lot. The property offers a strategic location near Old Town Pasadena, and Rose Bowl. This offering provides an excellent opportunity for a first-time apartment investor or even an owner-user to put their personal touch...409 N Mar Vista Ave, a value-add Triplex (3 unit) apartment community in the City of Pasadena. First time ever offered for sale since 1998 (26 years), the property offers desirable single story bungalow layout and consists of a single story SFR, and single-story duplex on the same lot. The property offers a strategic location near Old Town Pasadena, and Rose Bowl. This offering provides an excellent opportunity for a first-time apartment investor or even an owner-user to put their personal touch in a building w/ character and add value in the process. Property is FULLY occupied with tenants, and will be delivered with tenants in place (SEE AGENT REMARK). The property was built in 1928, has a total of ±2,389 SF building size and situated on a large ±11,038 SF R4 zoned lot. It offers an excellent unit mix of front house 3bedroom + 1bathroom (may be converted to 2bed by current tenant), and a detached back duplex that consists of two (2) x 1bedroom+1bathroom units. Each building has a large private backyard and an attached garage (ideal for ADU conversion). All tenants are on month to month. It offers ease of maintenance and high demand due to its location and layout. The property offers ample parking with a total of 6 spaces provided by 2 attached garages which are primed for ADU’s conversions, and 4 open spaces. The property has a shared gate and driveway with the next-door property (413) and the parking gate is powered by next door property. Make sure to see agent remark.
  1. Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • 626-224-2495

Property Details for 409 Mar Vista Avenue

Architectural Style
Tudor
View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
Wall/Window
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 12/16/2024 02:46 AM

Property Details for 409 Mar Vista Avenue

StatusActive
MLS #AR24245044
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.25 AC / 11,042 SF
CountyLos Angeles County

Building Information for 409 Mar Vista Avenue

Stories1Residences-Year Built1928Building Size-Lot Size0.25 AC / 11,042 SF

Property Information for 409 Mar Vista Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $65,808
  • Gross Scheduled Income: $65,808
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $65,808
  • Net Operating Income: $40,823
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $24,985
  • New Taxes Expense: $14,712
  • Gardener Expense: $1,800
  • Fuel Expense: $0
  • Insurance Expense: $1,792
  • Maintenance Expense: $1,200
  • Trash Expense: $2,400
  • Water Sewer Expense: $2,400
  • Total Expenses: $24,985
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 4623.01
  • CFD/Mello-Roos Fee: $907
  • Tax Lot: 12
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban, Valley
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
Exterior Features
  • Entry Location: 1
  • Foundation Details: Raised
  • Property Condition: Repairs Cosmetic
  • Miscellaneous: Value in Land
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard, Garden, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, Value In Land
  • Direction Faces: East
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned, Driveway, Garage, Uncovered
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned, Driveway, Garage, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,511
  • Unit Type Total Rent: $2,511
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,487
  • Unit Type Total Rent: $2,973
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Disposal: 3
  • Number Wall AC: 3

Property History for 409 Mar Vista Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 409 Mar Vista Avenue

Taxable ValueLand$228,998Additions$84,188Total$313,186
Tax Record2024$4,347 ($362 / month)
Home Facts
Total Finished SqFt2,389 SqFtAbove Grade Finished SqFt2,389 SqFtLot Size11,038 SqFtStyleTriplexYear Built1928ZoningPSR4CountyLOS ANGELESAPN5732-020-035

Schools near 409 Mar Vista Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Jefferson Elementary School
PublicK to 5

Charles W. Eliot Middle School
Public6 to 8

Pasadena High School
Public9 to 12

Rose City High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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409 Mar Vista Avenue is a multi-family home for sale in Pasadena, CA 91106. This property was listed for sale on December 5, 2024 by Growth Investment Group Pasade, it's currently listed at $1,350,000. This listing's school district is Pasadena Unified School District. Nearby schools include Jefferson Elementary School, Charles W. Eliot Middle School and Pasadena High School. 409 Mar Vista Avenue is a 4-bed, 3-bath, 2,389 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.