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148 N Mar Vista Ave #1, Pasadena, CA 91106
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148 N Mar Vista Ave #1 Pasadena, CA 91106

$3,850,000 Sold Price as of 10/31/2023
  • 15 Beds
  • 17 Baths
  • 7,450 Sq.Ft.
Sold
$3,850,000 Sold Price as of 10/31/2023 Refinance Your Mortgage
Map preview of 148 N Mar Vista Ave #1, Pasadena, CA 91106

Property Overview: 148 N Mar Vista Ave #1 Pasadena, CA has 15 bedrooms, 17 bathrooms, 7,450 living square feet and 8,682 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the unique opportunity to acquire 148 N Mar Vista Avenue, five individually-parceled condos, in the highly coveted city of Pasadena. The condos on Mar Vista Avenue are situated on a meticulously landscaped 8,682 square of land south of Interstate 210 and one block from Colorado Boulevard offering convenient access to grocery stores, pharmacies, restaurants, and specialty retail. The community is within walking distance to Pasadena City College and just minutes from the Pasadena Playhouse District of Pasadena, Old Pasadena, The Shops on Lake Avenue, and the Paseo Colorado. The condos on Mar Vista Avenue comprises of three-bedroom, townhouse-style units. Each condo is generously sized and feature an open-concept kitchen with stainless-steel appliances, in-unit washer/dryers, granite countertops, a double vanity in the master suite, and spacious patio/balcony. The condos on Mar Vista have a gated secured entrance, lush landscaping, subterranean parking garage, an elevator, two stairwells, and ample street parking.

Listed by ERIC CHEN | BRE #01489184 | CB RICHARD ELLIS
Last checked: 3 minutes ago | Last updated: November 1st, 2023 | Source CRMLS | DOM: 76

Home details

Lot Sq. Ft
8,682
HOA Dues
$0/mo
Year built
2009
Garage
9 Car
Property Type:
Condominium
Status
Sold
MLS#
CV23125332
City
Pasadena
County
Los Angeles
Time on Site
442 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,998
  • Total Rent: $11,990
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.23%
  • Gross Rent Multiplier: 23.66
  • Gross Scheduled Income: $177,480
  • Net Operating Income: $93,688
  • Gross Operating Income: $172,156
  • Vacancy Allowance: $5,324
Annual Expense Breakdown
  • Total Operating Expense: $78,468
  • New Taxes: $47,445
  • Trash: $0
  • Insurance: $0
  • Maintenance: $3,637
  • Professional Management: $6,886
  • Other Expenses: $19,500
  • Other Expense Description: HOA

Property Details for 148 N Mar Vista Ave #1

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Stackable
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 9
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Subterranean
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5738014027
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Merge onto I-210W, Exit Allen Ave, Turn Left on Allen Ave, Turn Right onto E Walnut St, Turn Left onto Mar Vista Ave
Neighborhood Information
  • Community Features: Biking, BLM/National Forest, Foothills, Golf, Hiking, Park, Sidewalks
View more facts & features

Local Pasadena Agent

Sale History for 148 N Mar Vista Ave #1

Last sold for $3,850,000 on October 31st, 2023

  • October, 2023

  • Oct 31, 2023

    Date

    Sold

    CRMLS: CV23125332

    $3,850,000

    Price

  • Jul 12, 2023

    Date

    Active

    CRMLS: CV23125332

    $4,200,000

    Price

  • April, 2013

  • Apr 30, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2012

  • Aug 8, 2012

    Date

    Sold (Public Records)

    Public Records

    $380,000

    Price

Show More

Tax History for 148 N Mar Vista Ave #1

Assessed Value (2020): $427,869
Year Land Value Improved Value Assessed Value
2020 $256,722 $171,147 $427,869

Home Value Compared to the Market

This property vs the competition

148 N Mar Vista Ave #1 sold on October 31, 2023 for 250% higher than the current median sold price for the city of Pasadena which is $1,200,000. The median sold price per/sqft for Pasadena is $781 and this home is sold at $563.76 per/sqft which puts the price per square foot 27.82% lower than the current median sale per square foot for the city of Pasadena.

About 148 N Mar Vista Ave #1

Detailed summary of property

148 N Mar Vista Ave #1 is a condominium that recently sold in Pasadena, CA 91106. This condo offered 15 bedrooms, 17 bathrooms, roughly 7,450 living square feet, and sits on an approximately 8,682 square foot lot. 148 N Mar Vista Ave #1 was first listed on ArdentRealEstateGroup.com on July 12, 2023. The homeowner sold the property for $3,850,000. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 250% higher than the current median priced home. Local homes that are currently for sale include 140 S Avenue 59, 868 Mount Washington Dr and 2239 Brier Ave. While the average home in Pasadena, CA is selling in 59 days, 148 N Mar Vista Ave #1 has a days on market of 76 days. There are currently 326 homes for sale in the Pasadena real estate market and 172 of them are single family homes while 118 of them are condos and 36 are townhomes. For more information on this home for sale at 148 N Mar Vista Ave #1 Pasadena, CA 91106 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 148 N Mar Vista Ave #1

Public county record property details
Beds
3
Baths
3
Year built
2009
Sq. Ft.
1,480
Lot Size
8,682
Stories
--
Type
Condominium Unit (Residential)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5738-014-027

The source for these homes facts are from public records.

91106 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$968,000
Median List Price/Sq.Ft.
$716
Median Sold Price
$850,000
Median Sold Price/Sq.Ft.
$753
Total Inventory
62
Median Sale to List Price %
100%
Avg Days on Market
29
Loan Type
Conventional (27.27%), FHA (0%), VA (0%), Cash (50%), Other (18.18%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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