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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,337 sqft
Price per Sqft $276
MLS Listing ID 19-516806
Sold Date 03/11/20
Bedrooms 10
Year Built 1980
Lot Size 0.299 Acres
Property Sub-Type Multi-Family
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.
Location
State CA
County Los Angeles
Area Pasadena Nw
Zoning RM32
Rooms
Other Rooms None
Dining Room 0
Interior
Heating Central
Cooling Ceiling Fan
Equipment Ceiling Fan, Gas Or Electric Dryer Hookup, Washer
Exterior
Parking Features Garage - 2 Car, Garage Is Attached
Garage Spaces 6.0
Building
Story 2
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Compass
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891