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380 Mar Vista Avenue
Pasadena, CA 91106
Asking Price
$9.80M
Cap Rate
3.39%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Good Opportunity ! For New Condo / Apartment Development. <p>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.</p><p>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)</p>
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NOI
$80,000
Cap Rate
0.82%
DSCR
0.14
Underwater
Cash-on-Cash
-17.07%
Monthly Payment
$48,485.053
Annual Cash Flow
$-501,820.635
