Pasadena, CA 91101 405 N Marengo Avenue
$4,475,000
5 more
Presented By: Jonathan Weir with Marcus & Millichap;
Home Details
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 .
Presented By: Jonathan Weir with Marcus & Millichap;
Interior Features for 405 N Marengo Avenue
Bedrooms
Total Bedrooms17
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 405 N Marengo Avenue
Additional Parcels Y/NNo
AppliancesDisposal, Dryer, Washer
Attached Garage No
Carport Y/NNo
CityPasadena
CountyLos Angeles
Days on Market8
DirectionsN Marengo Ave and Maple St
Full Baths
Garage Y/NNo
Gross Income331980.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet12420.0
Lot Size UnitsSquareFeet
MLS Area645 - Pasadena (NW)
MobileHomeRemainsYNNo
Net Operating Income223567.0
New ConstructionNo
NumberOfUnitsTotal14
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
View Y/NNo
Waterfront Y/NNo
Year Built1960
ZoningPSR1
Exterior for 405 N Marengo Avenue
Building Area Total10362.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions205x60
Lot Size Acres0.2851
Lot Size Area12420.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesUncovered
SpaNo
Total Parking14.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480