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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)



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.
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
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)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5725-020-013 | Improvements Assessment | $593,970 CAD |
| Land Assessment | $475,169 CAD | Total Assessment | $1,069,138 CAD |
Property Taxes
Parcel Number
5725-020-013
Land Assessment
$475,169 CAD
Improvements Assessment
$593,970 CAD
Total Assessment
$1,069,138 CAD
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Marengo Property | 708 N Marengo Ave
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