Address
583 N Marengo Avenue Pasadena, CA
Price
$ 2,950,000
Property Attributes
  • MLS#MB21037786
  • TypeIncome
  • CountyLOS ANGELES
  • CityPasadena
  • AreaPasadena
  • Zip91101
  • Style
  • Price$ 2,950,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size0.38 Acres
Listing Provided Courtesy Of:
RUBEN SANCHEZ with SOURCE REALTY GROUP.
Data Source:
CRMLS
Property Description

Great Opportunity for Investors! 100% occupied Multi-Unit building with strong returns located in beautiful Pasadena. Sitting on a 16,649 Square foot lot, 583 N Marengo Ave is a two-story, eight (8) unit multifamily property with a building size of 7,566 square feet. The building consists of 8 spacious units of four (4) two-bedroom one bath and four (4) two-story (Townhouse style) units with 2 bedroom and 1.5 baths. The property offers each tenant (2) enclosed parking garage spaces per unit. All the units have washer machine hookups in the kitchen and separate water heaters. Some units include balcony or patio areas for private outdoor spaces. 583 N Marengo Ave is conveniently located close to Old Town and the 210/134 Freeways! A property with huge growth potential.

Price History
2/24/2021 Listed $2,950,000

General Features

Community Features Foothills, Hiking, Sidewalks
Cooling Wall/Window Unit(s)
Garage Spaces 16
Garage Y/N Yes
Levels Two
Listing Agent RUBEN SANCHEZ - BRE#02006975
Listing Agent State License 02006975
MLS Area 646 - Pasadena (NE)
Parking Features Garage
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Total Units 8
Water Sewer Expense 4341
Zoning PSR1

Interior Features

Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Laundry Features Common Area, Laundry Room, See Remarks

Exterior Features

Lot Features 0-1 Unit/Acre
Lot Size Acres 0.38
Lot Size Area 16649
Lot Size Source Assessor
Lot Size Square Feet 16649
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Water Meters 8
Total Parking 16
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91101

Price
AVG $2.98M
$2.95M
Visits
AVG 40
23
Year Built
AVG 1935
1953
Walkscore
AVG 86
87
Data Provided by Walkscore ® not using MLS data

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