1385 N MARENGO AVE, Pasadena, CA 91103
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Sold Price :
$1,200,000
-
Beds :
10
-
Baths :
6
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Property Size :
4,337 sqft
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Year Built :
1980
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 |
Close Price |
$1,200,000 |
Status |
Closed |
Type |
Residential Income |
Structure Size |
4,337 |
Lot Size |
13,015 |
Year Built |
1980 |
Listing information courtesy of: Kenny Stevens, Compass. *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.