925 N Marengo Avenue, Pasadena, CA 91103
List Price: $1.49M
Listing Status: Active
0Days on Market: 0
8 Bedrooms · 6 Bathrooms · 3,834 sq ft
Property Type: ResidentialIncome
Year Built: 1947
Lot Size: 15,124 sq ft
MLS Number: 26860377
About This Property
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.
Listing provided by: Angelica Gotzev DRE #02053007 310-312-1800 angelica.gotzev@kidder.com, Kidder Mathews of California, Inc.
Source: CRMLS