1385 N MARENGO AVE

Pasadena, CA 91103

$1,200,000

Sold Price
10

bed Beds

6

shower Baths

4,337 sqft

straighten $288 / sqft

1980

calendar_month Built

Property Description

This unique value-add opportunity is comprised of three separate single-family residences on a 13,000 SF lot zoned RM32. Alongside several family-friendly parks, the neighborhood is ideal for families who enjoy the tranquility of the suburbs with close proximity to DTLA and various Los Angeles hotspots. An investment in 1385-1389 Marengo Avenue provides an investor with the opportunity to own three homes in Pasadena, at a very attractive price, with the potential for 30% upside in rents. Developers should do their due diligence regarding the opportunity to build up to 10 units on this large lot.

Interior Features

Bedroom Information
Bedrooms 10
Bathroom Information
Bathrooms 6
Interior Information
Cooling Type Ceiling Fan(s)

Listing Information

Address 1385 N MARENGO AVE
City Pasadena
State CA
Zip 91103
County Los Angeles
Listing Agent Kenny Stevens DRE#01090251
Courtesy Of Compass
MLS 19516806
Close Price $1,200,000
Close Date Wednesday, March 11th, 2020
Status Closed
Type Residential Income
Structure Size 4,337
Lot Size 13,015
Year Built 1980
DOM 161

Exterior Information

Maps

Listing information courtesy of: Kenny Stevens, Compass 310-968-7005. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 11th, 2020 at 1:01 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.