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    154 N Mar Vista Avenue

    Pasadena, CA 91106
    • $1,800,000
    • STATUS: Active
    • ON SITE: 257 days
    • ID#: OC20009348
    UPDATED: 124 min ago
    $1,800,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,600
      SQFT
    • $188
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    Bring all offers on this development project in a fantastic area of Pasadena, near old town, and close to Lake Avenue shopping district. Previously approved plans have been resubmitted with updated corrections from city planning department, and buyer can make offer subject to final approval, or buy as-is. Save yourself years of processing plans, and buy this turn-key builder package consisting of 6 spacious condo style homes, averaging 1600+- sq.ft each. Plans available to review upon request. Existing 3 unit complex remains occupied, and generates cash flow while awaiting final permits. Value is in the land, and the entitlement costs.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T00:26:38.51. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/102296433
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    154 N Mar Vista Avenue Pasadena, CA 91106

    • Price: $1,800,000
    • Status: Active
    • Updated: 124 min ago
    • ID#: OC20009348
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    9,600
    SQFT
    $188
    $/SQFT
    2020
    Built
    Neighborhood:
    648 - Pasadena (SE)
    County:
    Los Angeles
    Area:
    648 - Pasadena (SE)
    Property Description
    Bring all offers on this development project in a fantastic area of Pasadena, near old town, and close to Lake Avenue shopping district. Previously approved plans have been resubmitted with updated corrections from city planning department, and buyer can make offer subject to final approval, or buy as-is. Save yourself years of processing plans, and buy this turn-key builder package consisting of 6 spacious condo style homes, averaging 1600+- sq.ft each. Plans available to review upon request. Existing 3 unit complex remains occupied, and generates cash flow while awaiting final permits. Value is in the land, and the entitlement costs.
    Exterior Features

    Garage Spaces 12.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances None Appliances YN No Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring See Remarks Heating None Heating YN No Laundry Features None Levels Three Or More Room Type See Remarks

    Property Features

    Accessibility Features None Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Foothills Country Us Electric Standard Electric Expense 1200.00 Elevation Units Feet Fuel Expense 1200.00 Gross Income 30000.00 Gross Scheduled Income 30000.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN No Net Operating Income 12000.00 New Construction YN Yes New Taxes Expense 20000.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 18000.00 Property Condition Building Permit Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Subdivision Name Other New Build Opportunity Total Expenses 18000.00 Trash Expense 500.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1200.00 Water Source Public Year Built Source See Remarks Zoning Psr4

    Listing provided courtesy of Michael Bojorquez of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T00:26:38.51. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
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