Active
405 N Marengo Avenue
Pasadena CA, 91101
$4,475,000
$431.87 per sqft
Active
17 Beds
16 Baths
10,362 sqft
Residential
Built in 1960
Listed by Jonathan Weir with Marcus & Millichap 424-405-3855
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 .
24432995
MLSⓇ ID
August 27, 2024
Listed
September 13, 2024
Updated
Map
405 N Marengo Avenue
Pasadena CA, 91101
Interior Features
Total Stories
2
Bedrooms
17
Total Bathrooms
16
Appliances
Disposal, Dryer, Washer
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.29 Acres
Other Property Details
Area Name
645 - Pasadena (NW)
Days on Market
8
Garage
No
Parking
Uncovered
Parking Total
14
View
No
County
Los Angeles
Pool
No
Zoning
PSR1
Listing Contact: 424-405-3900
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/13/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 9/13/2024 at 3:15 PM UTC