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Property 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 .

Features
: Wall Furnace
2
: Dryer Included, Washer Included
0
Additional Information
Marcus & Millichap
0
CLW-C132655
CLW-X7515105
Jonathan
5725023039
: Standard
Two
32

Multi-Family For Sale

405 Marengo Avenue, Pasadena, California 91101

10,362 Sqft
$4,475,000
Listing ID #24432995
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24432995
Price : $4,475,000
Living Area : 10,362 Sqft
Lot Size : 12,420 Sqft
Year Built : 1960
Country : US
State : California
County : Los Angeles
City : Pasadena
Zipcode : 91101
Price Per Square Foot : $432
ModificationTimestamp : 2024-09-04 05:04:34
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