Pasadena, CA 91101 583 N Marengo Avenue

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  • MLS# MB21037786
  • 02/23/2021
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Presented By: RUBEN SANCHEZ with SOURCE REALTY GROUP.
  • Beds • 8
  • Baths • 8
  • Garage • 16
  • Year Built • 1953

Home Details

Great Opportunity for Investors! 100% occupied Multi-Unit building with strong returns located in beautiful Pasadena. Sitting on a 16,649 Square foot lot, 583 N Marengo Ave is a two-story, eight (8) unit multifamily property with a building size of 7,566 square feet. The building consists of 8 spacious units of four (4) two-bedroom one bath and four (4) two-story (Townhouse style) units with 2 bedroom and 1.5 baths. The property offers each tenant (2) enclosed parking garage spaces per unit. All the units have washer machine hookups in the kitchen and separate water heaters. Some units include balcony or patio areas for private outdoor spaces. 583 N Marengo Ave is conveniently located close to Old Town and the 210/134 Freeways! A property with huge growth potential.
Presented By: RUBEN SANCHEZ with SOURCE REALTY GROUP.

Interior Features for 583 N Marengo Avenue

Other Interior Features

Air Conditioning Y/NYes
Common Walls1 Common Wall
Laundry FeaturesCommon Area, Laundry Room, See Remarks

General for 583 N Marengo Avenue

Additional Parcels Y/NNo
Community FeaturesFoothills, Hiking, Sidewalks
CoolingWall/Window Unit(s)
Garage Spaces16
Garage Y/NYes
Land Lease Y/NNo
LevelsTwo
Listing AgentRUBEN SANCHEZ - BRE#02006975
Listing Agent State License02006975
MLS Area646 - Pasadena (NE)
Parking FeaturesGarage
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Total Units8
Water Sewer Expense4341
ZoningPSR1

Exterior for 583 N Marengo Avenue

Lot Features0-1 Unit/Acre
Lot Size Acres0.38
Lot Size Area16649
Lot Size SourceAssessor
Lot Size Square Feet16649
Lot Size UnitsSquare Feet
Number of Buildings4
Number of Separate Electric Meters0
Number of Separate Gas Meters0
Number of Separate Water Meters8
Total Parking16
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group
Price $2,950,000
MLS#MB21037786
List Date 02/23/2021
Property Type Income
Phone 310.658.1749
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