Active
405 N Marengo Ave
Pasadena CA, 91101
$4,475,000
$431.87 per sqft
Active
17 Beds
16 Baths
10,362 sqft
Multi-family
Built in 1960
We are pleased to present our newest offering in the beautiful city of Pasadena. This appealing 14-unit property is nestled in the 91101 Zip Code, surrounded mostly by residential homes in a quaint pocket of the city. Being only a few blocks away from Pasadena city hall and downtown Pasadena, this property boasts easy access to the freeway, and the city's newest and prevalent attractions alike. Offered at an extremely attractive 5% cap rate, 405 N Marengo Street is an invaluable investment for first time buyers or veteran investors alike. With an average square footage of approximately 750 SQ/FT per unit, each unit possesses ample living spaces for modern design and comfortable living. Don't miss the opportunity to acquire a pride of ownership asset in the highly coveted city of Pasadena, with substantial day one income and potential for massive future growth .
24-432995
MLSⓇ ID
August 28, 2024
Listed
October 2, 2024
Updated
Map
405 N Marengo Ave
Pasadena CA, 91101
Interior Features
Total Stories
2
Bedrooms
17
Total Bathrooms
16
Appliances
Garbage Disposal, Range/Oven, Dryer, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.29 Acres
Other Property Details
Area Name
Pasadena NW
Days on Market
8
Garage
No
Parking
Uncovered
Parking Total
14
View
No
County
Los Angeles
Pool
No
Zoning
PSR1
Listed by Jonathan Weir with Marcus & Millichap
Listing Contact: 707-225-2402
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/2/2024
