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28-44 N Marengo Ave. 4 Office Properties Offered at $12,948,578 CAD in Pasadena, CA

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INVESTMENT HIGHLIGHTS

  • A multi-tenant office building portfolio comprising of four(4) buildings measuring an aggregate +/- 18,894 square feet
  • Well maintained roofing and recently installed HVAC units. Builds are fiber optic served.
  • The property offers up to 17 (0.9 per 1,000 SF) surface parking spaces (in tandem) governed by a Reciprocal Easement Agreement

EXECUTIVE SUMMARY

28-30 N. Marengo Ave.
Two-story office building of buff brick in stretcher bond pattern. Altered first floor of wood and stucco with square post and recessed entryway. Northern section consists of windows in various pane sizes and doorway at angle to street. Southern section contains wooden double doors to upper story, each with large, oval, beveled light. Alternating sections of place glass and glass block across first story of facade obscured from view by awnings. Second floor contains double-hung windows, four panes in upper sash and one in lower, along with corbelled brickwork below sill. Rectangular recessed panel extends across facade near roofline. Interior of second floor retained original pressed metal ceilings and woodwork surrounding doors and windows. One skylight.

32-38 N. Marengo Ave.
A two-story brick building constructed in 1907, altered to a terracotta facade in 1928. Ornate Beaux Ats second story in symmetrical composition. Wall surface of cream terra-cotta, with row of four over four sash windows. Ten terra-cotta paired pilasters separating each window, located between continuous lintel and sill. Wall plane of each end bay
projects slightly, with pilasters extending down to a mid-cornice above the first floor, creating a visual terminus for the design. Parapet roof, with ornate cornice just below roofline, topped by coping above end bays and center section of anthemion cresting. Medium blue terra-cotta accents in pilasters, cornices, and plaque above end second floor windows. Seven skylights. Stairway at second floor surrounded by columns.

230-238 E. Union St.
Built in approximately 1932, on the corner of E Union St and N Marengo Ave, 230 E Union St boasts a two-story office building that exhibits architectural characteristics typical of that era. The space includes four window offices, two open bullpen areas, a kitchenette, and private restrooms with hardwood floors and high ceilings throughout. Walking
distance to Old Town Pasadena, Paseo Colorado, and City Hall.

42-44 N Marengo Ave.
Known as the Loweman Building, constructed circa 1932. This structure features exposed ceilings and brick walls, reflecting its historical character. The Loweman Building is situated within the Civic Center Financial District, a historic area comprising five architecturally significant buildings erected between 1905 and 1928 near the intersection of East Colorado Boulevard and Marengo Avenue. This district showcases various architectural styles prevalent in early 20th-century Pasadena, including Second Renaissance Revival and Neoclassical designs.

PROPERTY FACTS

Price $12,948,578 CAD
Price / SF $685.33 CAD / SF
Sale Condition High Vacancy Property
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 18,894 SF
Total Land Area 0.46 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
36-38 N Marengo Ave, Pasadena, CA 91101 Office 6,350 SF 1912 -
238 E Union, Pasadena, CA 91101 Office 6,347 SF 1932 -
28-30 N Marengo Ave, Pasadena, CA 91101 Office 3,616 SF 1910 -
42-44 N Marengo Ave, Pasadena, CA 91101 Office 2,581 SF 1932 -
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  • Listing ID: 35412062

  • Date on Market: 2025-04-08

  • Last Updated:

  • Address: 28-44 N Marengo Ave., Pasadena, CA

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