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850 N Marengo Ave
Pasadena, CA 91103
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Central Pasadena Location near The Rose Bowl and The Brookside Golf Club
- 6% Cap Rate with Market Rents
- Value-Add Opportunity with over 45% Upside in Rental Income
- Mix of Large Studios, 1 & 2-Bedroom Units
Property Facts
| No. Units | 7 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 4,809 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.66/1,000 SF |
| Zoning | PSR1 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,809 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | PSR1 |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $925.00 | 502 |
| 1+1 | 3 | $1,180 | 635 |
| 2+1 | 2 | $2,295 | 950 |
Property Taxes
| Parcel Number | 5725-021-006 | Improvements Assessment | $468,180 |
| Land Assessment | $1,404,540 | Total Assessment | $1,872,720 |
Property Taxes
Parcel Number
5725-021-006
Land Assessment
$1,404,540
Improvements Assessment
$468,180
Total Assessment
$1,872,720
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