405 Marengo Avenue, Pasadena, CA 91101
  • MLS#: 24432995 ( )
  • Street Address: 405 Marengo Avenue
  • Viewed: 2
  • Price: $4,475,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 81
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91101
  • Provided by: Marcus & Millichap
  • Contact: Jonathan Jonathan
  • California Regional MLS IDX
  • DMCA Notice
  • 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 .
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Features
Appliances
  1. Disposal
Building Area Total
  1. 10362.00
Country
  1. US
Heating
  1. Wall Furnace
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Two
Netoperatingincome
  1. 223567.00
Parcel Number
  1. 5725023039
Parking Features
  1. Uncovered
Postalcodeplus4
  1. 1325
Sourcesystemkey
  1. 24-432995:CLAW
Totalexpenses
  1. 103254.00
Year Built
  1. 1960
Zoning
  1. PSR1