638 N Mar Vista Avenue, Pasadena CA

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.