380 N Mar Vista

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380 N Mar Vista

Pasadena, CA 91106
Asking Price
$9.80M
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel located at 380 N Mar Vista in Pasadena
  • Total land area measures 1.039 acres for development
  • Available for purchase at an asking price of $9,800,000
  • Versatile land asset suitable for various potential project types
  • Situated in a well-established California market with strong demand

What's Special

For sale, this 1.039-acre parcel at 380 N Mar Vista in Pasadena, California, presents a strategic acquisition for developers or investors seeking a significant footprint in a prominent market. Pasadena remains a focal point for institutional interest, characterized by its mature economic base, access to major transportation corridors, and proximity to leading research and academic institutions. The scale of this land tract allows for a variety of potential development paths, ranging from residential projects to commercial ventures that leverage the local demand for high-quality space. Positioned within a highly regarded submarket, the property benefits from the enduring appeal of the San Gabriel Valley. The density and demographic profile of the surrounding area support long-term investment viability for those looking to capitalize on land scarcity in prime California locales. This site serves as a versatile foundation for project planning and execution, suitable for buyers focused on creating impactful developments in a stable, established urban environment.

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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

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