405 N Marengo Avenue

Pasadena, CA 91101

$4,475,000

List Price

17

bed Beds

16

shower Baths

10,362 sqft

straighten / sqft

1960

calendar_month Built

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 .

Listing Information

List Price $4,475,000
Status Active
MLS 24432995
Type Residential Income
Year Built 1960
Lot Size 12,420
Structure Size 10,362
DOM 8
Courtesy Of Marcus & Millichap
Listing Agent Jonathan Weir DRE#02038545

Interior Features

Total Bedroom
Bedrooms 17
Total Bathroom
Bathrooms 16

Exterior Information

Maps

Listing information courtesy of: Jonathan Weir, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.