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638 N Mar Vista Avenue, 
Pasadena, CA 91106

$2,599,950


Bed


Bath


5,230

Sq Ft


Multi-Family

Active

Listed by

Wei Wang

RE/MAX Champions

909-949-0605

Last updated:

September 6, 2025, 01:23 PM

MLS#

CV25177122

Source:

CRMLS

About This Home

638 N Mar Vista Avenue

Charming 6-Unit Bungalow Investment – Prime Pasadena Location! Rare opportunity to own a 6-unit, single-story bungalow-style apartment property in the heart of Pasadena, just a block from the historic Bungalow Heaven district. Situated on a large ±16,466 SF R3 lot, this well-maintained asset includes five freestanding structures totaling ±5,230 SF of living space. Each of the six units is a spacious 2-bedroom, 1-bathroom (~870 SF) with excellent layouts and vintage charm. Features include: Freestanding design – no shared walls. Washer/dryer room next to kitchen (some with machines). Beautiful Original hardwood floors, crown molding, wall paneling. Updated bathrooms with tile floors and modern fixtures. Kitchens with tile floors, range, exhaust fan, and water line for fridge. Wall A/C units and ceiling fans to add comfort. One reserved garage parking space per unit with two garage structures and four carport spaces. Listed on the National Register of Historic Places, the property offers potential tax benefits. Key upgrades include copper plumbing, updated electrical, fresh exterior paint, and no soft-story retrofit required. Each unit is individually metered for gas and electricity. Four of the six tenants are long-term, stable residents, all on month-to-month leases, allowing rental upside under AB 1482 (max increase: 5% + CPI/year). Outstanding Location. Minutes from Old Town Pasadena, Lake Avenue, Pasadena City College, and Colorado Blvd. Walk to shops, cafes, museums, and entertainment. Strong local demographics with an average household income of $103,130 within 1 mile. Easy freeway access (210, 110, 134) enables quick commutes to Downtown LA, Glendale, and Burbank. Investor Peace of Mind – Attractive All-Cash Price. Offered at an attractive all-cash price for a quick, hassle-free sale—a rare opportunity where the seller’s loss is the buyer’s gain. This turnkey investment boasts stable cash flow, low maintenance, and future rent growth potential, providing investors with peace of mind and consistent income from day one.

Home Facts

Multi-Family

Built in 1927

Price Summary

2,599,950

$497 per Sq. Ft.

MLS #:

CV25177122

Last Updated:

September 6, 2025, 01:23 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

5,230 Sq. Ft.


Structure

Structure

Building Area:

5,230 Sq. Ft.

Year Built:

1927


Lot

Lot Size (Sq. Ft):

16,509


Finances & Disclosures

Finances

Price:

$2,599,950

Price per Sq. Ft:

$497 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of September 6, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.