Listed by Century 21 Ludecke Inc
$9,800,000
380 Mar Vista Avenue
Details
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 14,473
Units 30
Cap Rate 3.39%
NOI $332,698
Occupancy 100%
Tenancy Multi
Rent Bumps No
Year Built 1958
Buildings 4
Lot Size (SqFt) 45,262
Zoning Rm48
Parking Spaces spaces
Investment Type Redevelopment
Good Opportunity ! For New Condo / Apartment Development.
Marketing description
Lot size 45,262 Sq Ft ,RM 48 (including 3 parcel - 5739-004-037,039 & 051) Can build 50 units Condo/ Apartment or 100 units Max Density Bonus. ( Please check with City of Pasadena building department)
Pasadena Unified School District. nearby schools include Pasadena Rosebud Academy, Eliot Arts Magnet and Pasadena High School.
Investment highlights
Currently property there are 15 units ( 1165-1179 E Maple St have 6 units, 380 N Mar Vista Ave have 4 units, 385 N Michigan Ave have 4 units and 395 N Michigan Ave is SFR) with a monthly income of $27,698.00.
Lot size 45,262 Sq Ft ,RM 48 (including 3 parcel - 5739-004-037,039 & 051) Can build 50 units Condo/ Apartment or 100 units Max Density Bonus. ( Please check with City of Pasadena building department)
Listing Contacts
Listed by Century 21 Ludecke Inc
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$332,698.00
$27,724.83/mo
Valuation Metrics
0
DSCR
3.39%
Cap Rate
3.39%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
