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Listed by: Han Chen (626) 224-2495 DRE #01749321 | Growth Investment Group Pasade (626) 594-4900
$2,200,000
1 Bed
- 2 Baths
3,192sqft
902 S Marengo Ave, Pasadena, CA 91106
$2,200,000
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Apartment
Built in 1956
$-- HOA
7,749 sqft lot
$689/sq.ft
Description
Prime 6-Unit Multifamily in Pasadena's Coveted Madison Heights – Walk Score 86, Steps from ArtCenter College of Design campus, Huntington Hospital, Whole Foods, Old Pasadena, and Metro Gold Line. 5% CAP Rate in an A-Class Location – Fantastic Demographics, Nearby many new Townhomes/Condominiums, 4 car garage prime for 2 ADUs, Many CAPEX Completed.
902 S Marengo Ave, a rare 6-unit multifamily gem in Pasadena's elite Madison Heights neighborhood. This property represents a rare "Value-Add" play in a Class-A location, offering a high 5% CAP rate with significant potential for further appreciation through ADU development and long-term improvements. This garden-style asse...
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Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1956
HOA Fees
-
Finished Area
3,192 sqft
Lot Size
7,749 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
AR26043987
MLS Status
Pending
Days on Market
191
Cumulative Days on Market
73
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