$2,580,000
638 N Mar Vista, Pasadena CA 91106
Multi-Family (6 Units)
Property type
61 days
On market
$493
Price per sqft
0 cars
Garage
1927
Year built
16,511 sqft
Lot size
Open Houses
Overview
Bungalow-style six-unit apartment complex offers a great investment opportunity in the heart of Pasadena, California. The location is excellent, providing easy access to all the amenities of Old Town Pasadena. Each unit is a spacious two-bedroom, one-bathroom apartment with two parking spaces. The complex is conveniently located within a mile of the city center, ensuring a...
Listing provided by: Jenny Ma DRE #01882851, Sunny Realty Group, Inc.
Listing updated: Apr 7, 2026 at 02:22am.
Last checked: Jun 4, 2026 at 11:01pm
Source: CRMLS #AR26072801
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 0 | — | $2,400 | $2,400 | $2,800 | Unfurnished |
| 1 | 2 | 0 | — | $2,800 | $2,800 | $2,800 | Unfurnished |
| 1 | 2 | 0 | — | $1,729 | $1,729 | $2,800 | Unfurnished |
| 1 | 2 | 0 | — | $2,800 | $2,800 | $2,800 | Unfurnished |
| 1 | 2 | 0 | — | $2,798 | $2,798 | $2,800 | Unfurnished |
| 1 | 2 | 0 | — | $1,663 | $1,663 | $2,800 | Unfurnished |
# of Buildings: 3
# of Units Total: 6
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 6
Financial Snapshot
Gross Rent Multiplier
15.2x
List Price / Annual Gross Rent
Cap Rate
5.73%
NOI / List Price
Gross Scheduled Income: $170,280
Operating Expense: $22,341
Net Operating Income: $147,930
Annual Operating Expenses
Electric: $0
Gardener: $2,400
Fuel: $0
Insurance: $5,000
Professional Management: $0
Trash: $1,800
Water / Sewer: $1,800
Interior
Laundry: Inside
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Common Walls: One Common Wall, No One Above
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Unknown
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5739006013
Additional Parcels: No
Tax Lot: 16
Community
Senior Community: No
Community Features: Street Lights
Nearby Schools
Nearby schools around the 638 N Mar Vista, Pasadena, CA 91106. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,064,000
Total Interest
$2,632,518
Total Payment
$4,696,518
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$15,883
per month
Property History for 638 N Mar Vista
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91106.
Similar Homes
Listings with similar prices to 638 N Mar Vista