CA > Pasadena
Pasadena, CA 91101,275 S Marengo Avenue
Pasadena, CA 91101,275 S Marengo Avenue
Pasadena, CA 91101,275 S Marengo Avenue
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$10,000,000
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29,930 SqFt
Active

275 S Marengo Avenue Pasadena, CA 91101

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Disen Cai

Disen Cai

+1(650) 622-2156

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 29,930 sqft

Price per Sqft $334

MLS Listing ID CL25542435

HOA Y/N No

Year Built 1957

Lot Size 0.900 Acres

Acres 0.9

Property Sub-Type Other

Property Description

We are pleased to present 275 S. Marengo Avenue a rare opportunity to acquire a 35-unit multifamily property located in Pasadena's historic Civic Center neighborhood.Offered for the first time in over 50 years, this well-maintained, value-add asset provides investors with the chance to capture more than 45% rental upside and own a truly generational property in one of Southern California's most desirable and developed submarkets.Built in 1957, the 29,930-square-foot courtyard-style building consists of 3 studio units, 16 one-bedroom/one-bathroom units, 13 two-bedroom/one-bathroom units, and 3 two-bedroom/two-bathroom units. 34 of the 35 units are currently occupied, with 1 one-bedroom unit used as an on-site management office.Property amenities include controlled and gated access, a swimming pool, an on-site laundry room equipped with 3 washers and 3 dryers, 42 tenant parking spaces, 2 visitor parking spaces, and private storage cabinets for every unit. Major capital improvements have been completed: the building was re-piped with copper and ABS, the sewer line was repaired in 2015, a 50-year certified roof was installed in 2017, seismic retrofitting was completed in 2021, and the hot water storage tanks were recently replaced. The property is situated on a 39,183-square-foot lot

Location

State CA

County Los Angeles

Zoning PSR4

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 5722013014

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Sevak Keshishian • Marcus & Millichap

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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