CA > Pasadena
Pasadena, CA 91101,405 N Marengo Ave
Pasadena, CA 91101,405 N Marengo Ave
Pasadena, CA 91101,405 N Marengo Ave
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$4,475,000
Est. payment /mo
17 Beds
16 Baths
10,362 SqFt
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UPDATED:

09/04/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,362 sqft

Price per Sqft $431

MLS Listing ID 24-432995

Bedrooms 17

Year Built 1960

Lot Size 0.285 Acres

Acres 0.2851

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 .

Location

State CA

County Los Angeles

Area Pasadena Nw

Zoning PSR1

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s)

Equipment Garbage Disposal, Range/Oven, Dryer, Washer

Exterior

Garage Uncovered

Garage Spaces 14.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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