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 .
Property Details
Price:
$4,475,000
MLS #:
24432995
Status:
Active
Baths:
0
Address:
405 N Marengo Avenue
Type:
Residential Income
Neighborhood:
645pasadenanw
City:
Pasadena
Listed Date:
Aug 27, 2024
State:
CA
ZIP:
91101
Lot Size:
12,420 sqft / 0.29 acres (approx)
Year Built:
1960
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Schools
Interior
Appliances
Disposal
Heating
Wall Furnace
Exterior
Parking Features
Uncovered
Parking Spots
14.00
Stories Total
2
Financial
Map
Community
- Address405 N Marengo Avenue Pasadena CA
- Area645 – Pasadena (NW)
- CityPasadena
- CountyLos Angeles
- Zip Code91101
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
405 N Marengo Avenue
Pasadena, CA
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