614 N Mar Vista Avenue, Pasadena, CA 91106
- $3,895,000
- Sold Price
- $3,895,000
- List Price
- $3,895,000
- Closing Date
- Sep 23, 2014
- Status
- CLOSED
- MLS#
- SR14154307
- Year Built
- 1983
- Lot Size
- 24,694
- Acres
- 0.57
- Lot Location
- 11-15 Units/Acre
- Days on Market
- 0
- Property Type
- Multifamily
Property Description
Located on North Mar Vista Avenue in Pasadena, this multi-family investment is a twin building, non-rent control property built in 1983. The complex maintains 13,632 rentable square footage resting on a 24,694 square foot lot and offers a unit mix of (12) 3 bedroom/ 1.5 bath units. The building offers central air-conditioning and heat with newer electric condensers and gas boilers. Furthermore, the units have been upgraded with granite counter-tops in the kitchen and bathrooms. Also included are newer kitchen cabinets, gas ovens, refrigerators, dishwashers, sinks and faucets, low flow toilets, and light fixtures. Moreover, the upgraded units also include laminate flooring downstairs and carpeting upstairs. The building has also undergone further capital improvements including complete roof water proofing, and white heat reflecting sealant treatments. In addition the building offers one parking space for each unit and additional six parking spaces available to rent at $45 per month. Also there are twelve storages available to rent at $25 a month.
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Additional Information
- Pool Description
- None
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $260,159
- Operating Expense
- 96571
Listing courtesy of Listing Agent: Reza Ghobadi (reza.ghobadi@kwcommercial.com) from Listing Office: Keller Williams Realty - Studi.
Listing sold by Reza Ghobadi from Keller Williams Realty - Studi
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.