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628 N Mar Vista Ave, Pasadena, CA 91106
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628 N Mar Vista Ave Pasadena, CA 91106

$1,260,000 Sold Price as of 01/15/2021
  • 4 Beds
  • 4 Baths
  • 2,784 Sq.Ft.
Sold
$1,260,000 Sold Price as of 01/15/2021 Refinance Your Mortgage
Map preview of 628 N Mar Vista Ave, Pasadena, CA 91106

Property Overview: 628 N Mar Vista Ave Pasadena, CA has 4 bedrooms, 4 bathrooms, 2,784 living square feet and 8,058 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Mid-Century Cottage Fourplex. Don’t miss a wonderful opportunity to own a great bread-and-butter income property in central Pasadena. Only the third time on the market, this cottage fourplex is loaded with vintage charm. Comprising two similar and separate buildings, the four near-identical 1 BR and 1BA units are almost 700sf each. Additionally, there is a four-car carport at the rear of the property. All units are bright, featuring lots of windows, hardwood floors, renovated bathrooms, lots of storage, finished doors and woodwork throughout, laundry area inside each of the units and three units have tank-less water heaters. The buildings have been updated with copper plumbing and the entire exterior of the property and unit 634 was recently painted. Tenants pay their own utilities (gas, electric, trash) and the owner just pays for water. Opportunity knocks!

Listed by Enrique Lizarazu | BRE #00691382 | Deasy Penner Podley
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
8,058
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PF20228801
City
Pasadena
County
Los Angeles
Time on Site
1290 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,485
  • Total Rent: $1,485
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,285
  • Total Rent: $1,285
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,285
  • Total Rent: $1,285
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.79%
  • Gross Rent Multiplier: 17.94
  • Gross Scheduled Income: $69,660
  • Net Operating Income: $47,421
  • Gross Operating Income: $67,570
  • Vacancy Allowance: $2,089
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $20,149
  • New Taxes: $15,625
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,124
  • Water/Sewer: $1,200

Virtual Tour

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Property Details for 628 N Mar Vista Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • In Kitchen, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Wood
  • All Bedrooms Down, Center Hall
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range, Refrigerator, Tankless Water Heater
Interior Features
  • Copper Plumbing Partial
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport, Community Structure, Covered, Driveway Level
Lot Information
  • Lot Features: Front Yard, Lot 6500-9999, Rectangular Lot, Level, Utilities - Overhead
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 5739006016
  • Year Built Source: Assessor
  • Foundation Details: Raised
  • Property is Attached
  • Offered With Property: stoves / refrigerators / some washers / dryers
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: East of Lake Ave/ South of Orange Grove
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Pasadena Agent

Sale History for 628 N Mar Vista Ave

Last sold for $1,260,000 on January 15th, 2021

  • January, 2021

  • Jan 15, 2021

    Date

    Sold

    CRMLS: PF20228801

    $1,260,000

    Price

  • Dec 13, 2020

    Date

    Pending

    CRMLS: PF20228801

    $1,250,000

    Price

  • Dec 2, 2020

    Date

    Active Under Contract

    CRMLS: PF20228801

    $1,250,000

    Price

  • Nov 23, 2020

    Date

    Active

    CRMLS: PF20228801

    $1,250,000

    Price

  • Nov 19, 2020

    Date

    Active Under Contract

    CRMLS: PF20228801

    $1,250,000

    Price

  • Nov 6, 2020

    Date

    Active

    CRMLS: PF20228801

    $1,250,000

    Price

  • January, 2021

  • Jan 15, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,260,000

    Price

  • February, 2001

  • Feb 26, 2001

    Date

    Sold (Public Records)

    Public Records

    $305,000

    Price

Show More

Tax History for 628 N Mar Vista Ave

Assessed Value (2020): $420,214
Year Land Value Improved Value Assessed Value
2020 $168,084 $252,130 $420,214

Home Value Compared to the Market

This property vs the competition

628 N Mar Vista Ave sold on January 15, 2021 for 0% higher than the current median sold price for the city of Pasadena which is $1,250,000. The median sold price per/sqft for Pasadena is $763 and this home is sold at $448.99 per/sqft which puts the price per square foot 41.15% lower than the current median sale per square foot for the city of Pasadena.

About 628 N Mar Vista Ave

Detailed summary of property

628 N Mar Vista Ave is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,784 living square feet, and sits on an approximately 8,058 square foot lot. 628 N Mar Vista Ave was first listed on ArdentRealEstateGroup.com on November 6, 2020. The homeowner sold the property for $1,260,000. Home in Pasadena are selling for a median price of $1,250,000 and a median price per square foot of $763. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 0% higher than the current median priced home. Local homes that are currently for sale include 1461 Hepner Ave, 1461 Hepner Ave and 5938 E Echo St. While the average home in Pasadena, CA is selling in 51 days, 628 N Mar Vista Ave has a days on market of 26 days. There are currently 278 homes for sale in the Pasadena real estate market and 169 of them are single family homes while 83 of them are condos and 26 are townhomes. For more information on this home for sale at 628 N Mar Vista Ave Pasadena, CA 91106 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 628 N Mar Vista Ave

Public county record property details
Beds
4
Baths
4
Year built
1949
Sq. Ft.
2,784
Lot Size
8,058
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
5739-006-016

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
$1,350,000
Median List Price/Sq.Ft.
$777
Median Sold Price
$830,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
46
Median Sale to List Price %
89.73%
Avg Days on Market
28
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (27.27%)

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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