Back

1 of 36

2 of 36

3 of 36

4 of 36

5 of 36

6 of 36

7 of 36

8 of 36

9 of 36

10 of 36

11 of 36

12 of 36

13 of 36

14 of 36

15 of 36

16 of 36

17 of 36

18 of 36

19 of 36

20 of 36

21 of 36

22 of 36

23 of 36

24 of 36

25 of 36

26 of 36

27 of 36

28 of 36

29 of 36

30 of 36

31 of 36

32 of 36

33 of 36

34 of 36

35 of 36

36 of 36

1315 N Marengo Ave
Pasadena, CA 91103 Garfield Heights

$1,550,000 USD

Apartments For Sale • 3,608 SF

Property Details

Property Type Apartments
Total Building Size 3,608 SF
Lot Size 0.19 AC
Building Class C
Year Built 1892
Zoning RM-16

46 Transit Score

58 Walk Score

                
                    Highlights
                
                                VERY ATTRACTIVE Value-add with over 9% Cash-on-cash return, ±6.77% CAP Rate and ±7.95% Proforma CAP RATE (Buyer to verify)
                            
                                Recently updated building with many recent CAPEX and 4 units have been fully upgraded.
                            
                                Colonial revival architectural style with charming characters; Most units have high ceilings
                            
                                5 units have been upgraded with modern upgrades, One unit is vacant and will be delivered vacant
                            
                                Clear ADUs Upside with 5 garage parking; Individually metered for electricity and gas.
                            
                                High existing gross income and net income, providing one of the best cash-flow deals in Pasadena.

Property Flyers

Flyer-1315NMarengoAve-2024-Dec

Public Transportation

Airport	Drive	Walk	Distance
Bob Hope	25 min	-	17.7 mi
Los Angeles International	42 min	-	26.2 mi
Long Beach (Daugherty Field)	44 min	-	27.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	3
Type:	Surface
Included in Rent:	Yes

Han Widjaja-Chen 626-594-4900 Growth Investment Group California

1315 N Marengo Ave Pasadena, CA 91103 Garfield Heights