405 N Marengo Avenue, Pasadena, CA 91101
- $4,475,000
- $432
- $4,475,000
- $432
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 .
Address
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Address: 405 N Marengo Avenue
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City: Pasadena
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State/county: CA
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Zip/Postal Code: 91101
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Area: 645 - Pasadena (NW)
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Country: United States
Details
Updated on September 12, 2024 at 11:27 am-
Property ID SGR-33840607
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Price $4,475,000
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Property Size 10362.00 m²
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Land Area 12420.00 m²
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Bedrooms 17
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Bathrooms 16
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Year Built 1960
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Property Type Residential Income
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Property Status For Sale
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Living Area 10362.00
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MLS# 24432995
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Office Name MARCUS & MILLICHAP
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Agent Name Jonathan Weir
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 02038545
Additional details
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Heating Wall Furnace
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County Los Angeles
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Parking 14.00
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