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$4,475,000

Beds
17
sq ft
10,362

405 N Marengo Ave, Pasadena, CA 91101

405 N Marengo Ave

Pasadena, CA 91101

  • 86 days on market
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 .

Details

Property type

Lot size

0.2851 acres

Price per sq ft

$432

Year built

1960

HOA

No

Price History

08/27/2024
CLAW

CLAW #24432995

Listed
$4,475,000

Schools & Community

Neighborhood: 

West Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/22/2024 at 4:15 PM

Listing updated: 09/30/2024 at 11:09 PM

Listed by: Jonathan Weir, Marcus & Millichap Phone #: (424) 405-3900

MLS: CLAW #24432995

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