925 N Marengo AVE, Pasadena, CA 91103
925 N Marengo AVE, Pasadena, CA 91103
925 N Marengo AVE, Pasadena, CA 91103
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,490,000
Est. payment /mo
8 Beds
6 Baths
3,834 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,834 sqft

Price per Sqft $388

MLS Listing ID 26860377

Bedrooms 8

HOA Y/N No

Year Built 1947

Lot Size 0.347 Acres

Property Description

he offering consists of two parcels: APN 5729-016-011, improved with a duplex, and APN 5729-016-009, improved with a quadruplex. Built in 1947, the property totals approximately 3,834 rentable square feet on a large 15,124-square-foot PSR1-zoned corner lot. The unit mix includes four one-bedroom/one-bath units and two two-bedroom/one-bath units. Each unit features in-unit laundry and wall-unit air conditioning. The property also offers driveway access and six garage parking spaces.Current rents are below market, providing a new owner with the opportunity to renovate units, improve operations, and increase rental income as units turn. The oversized lot may also offer potential for future ADU development, creating an additional opportunity to enhance income and long-term value. Buyer to independently verify all development and ADU feasibility.Ideally located just north of Mountain Street and east of the 210 Freeway, the property provides convenient access to Old Pasadena, Downtown Pasadena, the Rose Bowl, Pasadena City College, Caltech, major employment centers, and the area's premier shopping, dining, and entertainment amenities. With strong tenant demand, limited multifamily inventory, and long-term appreciation potential, 917933 N Marengo Avenue represents a compelling investment opportunity in one of Pasadena's most established residential neighborhoods.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR1

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features Door-Single, Garage

Total Parking Spaces 6

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5729016009

Special Listing Condition Standard

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Listed by Angelica Gotzev Kidder Mathews of California, Inc. #02053007

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

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