850 N Marengo Avenue

Pasadena, CA 91103

$2,995,000

List Price

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1958

calendar_month Built

Property Description

The property is located at at 850 N Marengo Avenue, Pasadena. Built in 1958, the property comprises of three 1-bedroom/1-bathroom units, two 2-bedroom/1-bathroom units and two Studio units totaling in approximately 4,809 rentable square feet on a parcel of ±9,307 square feet of land zoned PSR1. Additionally, all units have been renovated extensively and the soft-story retrofit was recently completed. The property offers eight parking spaces are available and an on-site laundry facility. The appealing mix of 2-bedroom and 1-bedroom units and desirable location in Pasadena makes this building an enticing opportunity for investors aiming to expand their portfolio. Positioned in a good location in Pasadena on N Marengo Avenue, between N Fair Oaks Avenue and N Los Robles Avenue. This site buildings provide easy access to the 210 and 134 freeways. Convenient access to Downtown Pasadena which offers many attractions such as charming restaurants, bars, and plenty of shopping options. The sites are also nearby to the nation-renowned Rose Bowl stadium, which is host to sought after sporting events. As well as a short trip away from Brookside Golf Course contributing to the ascending demand for rentals in this neighborhood.

Listing Information

List Price $2,995,000
Status Active
MLS SR24151271
Type Residential Income
Subtype Apartment
Year Built 1958
Lot Size 9,307
Structure Size N/A
DOM 21
Courtesy Of Reza Ghobadi
Listing Agent Reza Ghobadi DRE#01780045

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Reza Ghobadi, Reza Ghobadi . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:51 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.