265 N Mar Vista Ave, Pasadena, CA 91106

Charming Craftsman with Bungalow Guest House on Oversized Lot – Zoned for Multi-Unit Potential Located on a picturesque tree-lined street, this beautifully maintained property sits on a spacious 8,800 sq ft lot and is zoned for up to 5–6 units (buyer to verify all development possibilities directly with the city). A rare opportunity for investors, developers, or owner-users seeking rental income or extended family living. Seller will provide previously city-approved plans upon accepted offer. The front home is a classic two-story Storybook Craftsman built in 1930, full of character and curb appeal. It features 3 bedrooms, a bolted foundation, and includes a detached center structure offering a bonus room/office and an additional storage area. A private yard connects the front home to this space, making it ideal for a creative studio or remote work setup. The rear home is a charming 2-bedroom bungalow with updated kitchen and bathroom, hardwood floors, stainless steel appliances, and its own large, grassy private yard—perfect for entertaining or relaxation. Additional features include: Stainless steel appliances in both units Plenty of on-site parking including a carport Fully occupied with solid rental income, but can be delivered vacant Prime Pasadena location near Lake Ave, PCC, Caltech, Old Town, The Paseo, and the 210 Freeway. A true investor's delight or a perfect setup for multigenerational living. Don’t miss this rare, versatile, and income-generating gem you can't effort to miss!