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$ 1,490,000
Est. payment /mo
New
925 N Marengo AVE Pasadena, CA 91103
8 Beds
6 Baths
3,834 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,834 sqft
Price per Sqft $388
MLS Listing ID 26860377
Bedrooms 8
HOA Y/N No
Year Built 1947
Lot Size 0.347 Acres
Property Description
he offering consists of two parcels: APN 5729-016-011, improved with a duplex, and APN 5729-016-009, improved with a quadruplex. Built in 1947, the property totals approximately 3,834 rentable square feet on a large 15,124-square-foot PSR1-zoned corner lot. The unit mix includes four one-bedroom/one-bath units and two two-bedroom/one-bath units. Each unit features in-unit laundry and wall-unit air conditioning. The property also offers driveway access and six garage parking spaces.Current rents are below market, providing a new owner with the opportunity to renovate units, improve operations, and increase rental income as units turn. The oversized lot may also offer potential for future ADU development, creating an additional opportunity to enhance income and long-term value. Buyer to independently verify all development and ADU feasibility.Ideally located just north of Mountain Street and east of the 210 Freeway, the property provides convenient access to Old Pasadena, Downtown Pasadena, the Rose Bowl, Pasadena City College, Caltech, major employment centers, and the area's premier shopping, dining, and entertainment amenities. With strong tenant demand, limited multifamily inventory, and long-term appreciation potential, 917933 N Marengo Avenue represents a compelling investment opportunity in one of Pasadena's most established residential neighborhoods.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Zoning PSR1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features Door-Single, Garage
Total Parking Spaces 6
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5729016009
Special Listing Condition Standard
Listed by Angelica Gotzev Kidder Mathews of California, Inc. #02053007
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