405 North Marengo Avenue
$4,475,000
17
16
10,362
10,362
$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...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 .
- Listed by Jonathan Weir • DRE #02038545 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 405 North Marengo Avenue
Zoning
PSR1
Parcel Number5725023039
Total Units14.0
Living Area10362
Source Living AreaOther
AreaPasadena NW (645)
Vacancy Rate0
Lot Size Area12420
LISTING UPDATED: 09/04/2024 12:01 AM
Property Details for 405 North Marengo Avenue
Status | Active |
---|---|
MLS # | 24-432995 |
Days on Market | 86 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.29 AC / 12,420 SF |
County | Los Angeles County |
Building Information for 405 North Marengo Avenue
Stories2Residences-Year Built1960Building Size-Lot Size0.29 AC / 12,420 SF
Property Information for 405 North Marengo Avenue
Property History for 405 North Marengo Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 405 North Marengo Avenue
Taxable ValueLand$1,134,259Additions$1,094,703Total$2,228,962
Tax Record2024$27,577 ($2,298 / month)
Home Facts
Total Finished SqFt10,362 SqFtAbove Grade Finished SqFt10,362 SqFtLot Size12,622 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningPSR1CountyLOS ANGELESAPN5725-023-039
Schools near 405 North Marengo Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Madison Elementary School PublicK to 5 | ||
Octavia E. Butler Magnet School Public6 to 8 | ||
John Muir High School Public9 to 12 | ||
Rose City High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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