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$ 4,475,000
Est. payment /mo
Active
405 N Marengo AVE Pasadena, CA 91101
17 Beds
16 Baths
10,362 SqFt
UPDATED:
12/05/2024 02:19 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,362 sqft
Price per Sqft $431
MLS Listing ID 24432995
Bedrooms 17
HOA Y/N No
Year Built 1960
Lot Size 0.285 Acres
Property Description
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 .
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Zoning PSR1
Interior
Heating Wall Furnace
Fireplace No
Appliance Disposal, Dryer, Washer
Exterior
Parking Features Uncovered
Total Parking Spaces 14
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5725023039
Special Listing Condition Standard
Listed by Jonathan Weir • Marcus & Millichap