Closed Listing
1385 N. Marengo Avenue
sold in
Los Angeles
Listed Price
$
91% of Listed Price | Seller Rep.
Sold At
$
1,191,500
3
Number of Units
1980
Year Built
4,337
SF
Square Footage
13,015 SF
SF
Lot Size
RM32
Zoning
1385 N. Marengo Avenue, Pasadena, CA 91103
About the Property
This unique value-add opportunity is comprised of three separate single-family residences on a 13,000 SF lot zoned RM32. Alongside several family-friendly parks, the neighborhood is ideal for families who enjoy the tranquility of the suburbs with close proximity to DTLA and various Los Angeles hotspots. An investment in 1385-1389 Marengo Avenue provides an investor with the opportunity to own three homes in Pasadena, at a very attractive price, with the potential for 30% upside in rents. Developers should do their due diligence regarding the opportunity to build up to 10 units on this large lot.
3
Number of Units
1980
Year Built
4,337
SF
Square Footage
13,015 SF
SF
Lot Size
RM32
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$397,167
Price p/ Sq. ft.
$274
Proforma Cap Rate
Contact
Sales agent
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