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Marengo Property 708 N Marengo Ave 4,344 SF 100% Leased Retail Building Pasadena, CA 91103 $3,554,330 CAD ($818.22 CAD/SF)

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Executive Summary

Located in the vibrant heart of Pasadena, this exceptional 4,344 square foot corner commercial building presents a rare investment opportunity in one of Southern California’s most desirable business districts. Positioned on a highly visible corner lot, the property benefits from strong street presence, steady foot traffic, and convenient accessibility for both customers and tenants.
The building is 100% occupied with six established tenants, providing immediate and stable income for investors seeking a well-performing asset in a prime location. Each tenant enjoys functional layouts designed for efficient business operations, while the diverse tenant mix contributes to consistent occupancy and long-term stability.
A major advantage of the property is its private on-site parking, a valuable amenity in a dense urban setting like Pasadena. This feature enhances tenant convenience and customer accessibility, further strengthening the property’s appeal.
With its prime corner location, full occupancy, and strong income potential, this Pasadena property represents an outstanding opportunity for investors looking to acquire a well-positioned commercial asset in a thriving market.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $252,549 $58.14
Other Income - -
Vacancy Loss - -
Effective Gross Income $252,549 $58.14
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $252,549
Annual Per SF $58.14
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $252,549
Annual Per SF $58.14
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
4,344 SF
Building Class
C
Year Built
1960
Price
$3,554,330 CAD
Price Per SF
$818.22 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.22 AC
Zoning
PSC* - Professional Bldg. (legal, insurance, real estate, business, etc.)
Parking
9 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
70’ on Marengo

Amenities

  • Corner Lot
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Costurasy Novedades Ebenezer
  • Retailer
  • -
  • -
  • -
  • Law Office of Patricia Morales
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • Marina's Beauty Salon
  • Services
  • -
  • -
  • -
  • Ricardo's Tax Services
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • Rojo's Better Life Center Inc
  • Public Administration
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Costurasy Novedades Ebenezer Retailer - - -
Law Office of Patricia Morales Professional, Scientific, and Technical Services - - -
Marina's Beauty Salon Services - - -
Ricardo's Tax Services Professional, Scientific, and Technical Services - - -
Rojo's Better Life Center Inc Public Administration - - -
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Smart & Final
Vallarta Supermarkets
Wells Fargo Bank
Chase Bank
Food 4 Less
Yard House
Ruth's Chris Steak House
Fleming's Prime Steakhouse & Wine Bar
King Taco

Property Taxes

Property Taxes

Parcel Number
5725-020-013
Land Assessment
$475,169 CAD
Improvements Assessment
$593,970 CAD
Total Assessment
$1,069,138 CAD
  • Listing ID: 39696128

  • Date on Market: 2026-03-06

  • Last Updated:

  • Address: 708 N Marengo Ave, Pasadena, CA 91103

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