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$4,475,000

Est. payment - /mo

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17 BD

16 BA

10,362 SqFt

Active

405 N Marengo AVE Pasadena, CA 91101

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:27 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,362 sqft

Price per Sqft $431

MLS Listing ID 24432995

Bedrooms 17

HOA Y/N No

Year Built 1960

Lot Size 0.285 Acres

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 645 - Pasadena (Nw)

Zoning PSR1

Interior

Heating Wall Furnace

Fireplace No

Appliance Disposal, Dryer, Washer

Exterior

Garage Uncovered

Parking Type Uncovered

Total Parking Spaces 14

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5725023039

Special Listing Condition Standard

Listed by Jonathan Weir • Marcus & Millichap

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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