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

November 22, 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 Lorissa Singleton 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 11/22/2024

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