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Listed by Mike Chou • K.W. EXECUTIVE
$ 2,750,000
Est. payment /mo
New
1385 North Marengo Avenue Pasadena, CA 91103
4,937 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,937 sqft
Price per Sqft $557
MLS Listing ID CV-25197857
Year Built 1980
Lot Size 0.299 Acres
Property Sub-Type Single Family Residence
Property Description
**RARE MULTI-FAMILY PROPERTY FOR SALE- ZONED RM-32 & IS SITUATED ON A LOT SIZE OF 13,020 SQFT ALLOWING FOR FUTURE DEVELOPMENT UP TO 10 UNIT***Attention investors and retirees! Don't miss this rare opportunity to own a fully upgraded multi-family property in the heart of coveted Pasadena! This investment opportunity currently includes TWO SFR'S & 2 APARTMENTS ALL WITH THEIR WITH OWN PARKING! It's ideally located near iconic landmarks like the Rose Bowl, Descanso Gardens, Arroyo Canyon trails, and Kidspace Children's Museum. Upscale shopping, fine dining, and vibrant nightlife on Colorado Blvd are just 1.5 miles away too! The front building houses two spacious 1,036 sq ft apartments. Each features a modern kitchen with a sleek blue island, stone countertops, matching backsplash, and stainless steel appliances. The bathrooms have new white shower and floor tiles, updated vanities, and contemporary fixtures. The Newer flooring and fixtures add to the timeless aesthetics. Unit comes with designated parking spaces. This property also includes two standalone homes behind the apartment structures-A RARE FIND! The middle unit is an SFR, at 1,216 sq ft, offers three bedrooms, one full bathroom, and a private two-car garage. The rear unit (SFR), spanning 1,649 sq ft, includes four bedrooms, two bathrooms, and another private two-car garage. This is the largest and most private unit, boasting an upgraded kitchen and bathrooms showcasing modern tiles, new vanities, and updated fixtures. You'll love the beautifully designed yard, enclosed with durable vinyl fencing… perfect for kids, pets, or family gatherings. Buyers will appreciate the poured concrete throughout the common areas and additional parking spaces, along with energy-efficient upgrades to ensure low utility costs. Live in any of the units and rent out the rest! Fully rented generates high annual income after reasonable expenses. This is a once-in-a-lifetime investment in a prime location. Don't blink or you'll miss it!
Location
State CA
County Los Angeles
Area 645 - Pasadena Nw
Zoning PSR3
Interior
Fireplaces Type None
Laundry In Closet, Inside, Stackable
Exterior
Garage Spaces 4.0
Pool None
Community Features Sidewalks, Street Lights, Urban
View Y/N No
View None
Building
Lot Description Near Public Transit
Sewer Public Sewer