1420 S Marengo Ave - Apartments FOR SALE


Pasadena, CA 91106
$3,400,000 USD
626-622-1211
1420 S Marengo Ave, Pasadena, CA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/8
null | 4.08% Cap Rate

1420 S Marengo Ave
Pasadena, CA 91106


HIGHLIGHTS

  • Great rental area- always stay 100% occupied
  • Secured parking area
  • Conveniently located to Metro transportation, freeways shopping schools, parks restaraunts, colleges- make it a sought out for location to live

OVERVIEW

Great 12 Unit Multifamily investment opportunity building is a two story garden style located in a quiet neighborhood all 1 bedroom 1 bath and 100% ocupied. Building has a secured covered carport parking in the rear of the buidling. There is an onsite laundry facility and each unit has its own Water heater. Roof is newer replaced approxiately 3 yrs ago. All tenants are on MTM and there is an upside in rents mostly long term tenants who have been occupants for several years.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$491 USD /SF

# OF UNITS

12

PRICE/UNIT

$283,333

CAP RATE

4.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marrengo Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,002 SF

ZONING

PSR1

APN/PARCEL ID

5324-009-025

ASK ABOUT THIS PROPERTY

Efon ManriquezALB Commercial CapitalMore Info
626-622-1211

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Efon ManriquezALB Commercial CapitalMore Info
626-622-1211

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.