405 N Marengo Ave Pasadena, CA 91101
Active
$4,475,000
14 Units
17 Beds
16 Baths
10,362 Area(sq.ft.)
12,420 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 2,795 | $ 2,795 | $ 3,250 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,045 | $ 2,045 | $ 2,395 |
| Unit 3 | 12 | 1 | 1 | No | $ 1,902 | $ 1,902 | $ 2,150 |
| 3 | 14 | 17 | 15 | $ 27,664 | $ 27,664 | $ 31,445 |
| MLS #: | 24-432995 |
| Days On Market: | 32 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 432 |
| Price per unit: | $ 319,643 |
| Year Built: | 1960 |
Property Details
We are pleased to present our newest offering in the beautiful city of Pasadena. This appealing 14-unit property is nestled in the 91101 Zip Code, surrounded mostly by residential homes in a quaint pocket of the city. Being only a few blocks away from Pasadena city hall and downtown Pasadena, this property boasts easy access to the freeway, and the city's newest and prevalent attractions alike. Offered at an extremely attractive 5% cap rate, 405 N Marengo Street is an invaluable investment for first time buyers or veteran investors alike. With an average square footage of approximately 750 SQ/FT per unit, each unit possesses ample living spaces for modern design and comfortable living. Don't miss the opportunity to acquire a pride of ownership asset in the highly coveted city of Pasadena, with substantial day one income and potential for massive future growth .Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 331,980 |
| Total Annual Expense: | $ 103,254 |
| Net Operating Income: | $ 223,567 |
| Gross Annual Income: | $ 331,980 |
| Gross Rent Multiplier: | 13.48 |
Structure
| Type of Units: | Standard |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | PSR1 |
| Parking Garage: | Uncovered |
| Total Parking: | 14 |
Interior
| AC/Cooling: | Window Unit(s) |
| Equipment: | Garbage Disposal, Range/Oven, Dryer, Washer |
| Heating: | Wall |
Exterior
Detailed Map
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