409 N Mar Vista AvenuePasadena, CA 91106

409 N Mar Vista Ave, a value-add fully tenants occupied Triplex (3 unit) apartment community in the City of Pasadena. The property offers desirable single story bungalow layout and consists of a single story SFR, and single-story duplex on the same lot. The property offers a strategic location near Old Town Pasadena, and Rose Bowl. This offering provides an excellent opportunity for a first-time apartment investor or even an owner-user to put their personal touch in a building w/ character and add value in the process.

The property was built in 1928, has a total of ±2,389 SF building size and situated on a large ±11,038 SF R4 zoned lot. It offers an excellent unit mix of front house 2bedroom + 1bathroom, and a detached back duplex that consists of two (2) x 1bedroom+1bathroom units. Each building has a large private backyard and an attached garage (ideal for ADU conversion). It offers ease of maintenance and high demand due to its location and layout.

Each unit is unique with plenty of charm and characters, the front house #409 and back unit #411-1/2 have arched ceiling in the living room, front house has central HVAC unit, each unit has original hardwood floor, dining area, laundry hookups, large private backyard, and so much more.

The property offers ample parking with a total of 6 spaces provided by 2 attached garages which are primed for ADU’s conversions, and 4 open spaces. The property has a shared gate and driveway with the next-door property (413) and the parking gate is powered by next door property. The back building (2 units) is using water that’s on 413 N Mar Vista – Buyer will cooperate with Seller post-closing to split the meter. Tenant in the last unit is seller's relative.