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917-933 N MARENGO AVE 2 biens • Immeuble residentiel • À vendre 2 091 707 $ CAD • Pasadena, CA
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Résumé de l'annonce
Kidder Mathews is pleased to exclusively present 917-933 N Marengo Ave, a rare 6-unit value-add multifamily offering located in the highly sought-after Pasadena submarket.
Offered for the first time in over 23 years, the property presents investors with a unique opportunity to acquire a long-term ownership asset in one of Pasadena’s most stable and desirable rental markets.Built in 1947, the property consists of a quadruplex and duplex totaling approximately 3,834 rentable square feet on a large 15,124 square foot PSR1-zoned lot. The unit mix includes four (4) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units. Each unit features in-unit laundry and wall-unit air conditioning. The property also offers driveway access and six (6) garage parking spaces, providing valuable on-site parking in a market where parking is highly desirable.
917-933 N Marengo Ave represents an ideal value-add investment opportunity with meaningful upside potential. Current rents are below market, allowing a new investor
the opportunity to eventually renovate units, improve operations, and increase rental income as units turn. Additionally, the property’s large lot may provide potential
for future ADU development, creating an opportunity to further enhance income and long-term value. Buyer to independently verify ADU feasibility and development
potential. The property is ideally positioned in one of Pasadena’s most established residential neighborhoods, just east of the 210 Freeway and north of Mountain Avenue.
Residents benefit from convenient access to Old Pasadena, Downtown Pasadena, the Rose Bowl, Pasadena City College, Caltech, major employment centers, and
the area’s premier shopping, dining, and entertainment amenities. With strong tenant demand, limited multifamily inventory, and long-term appreciation fundamentals,
917-933 N Marengo Ave offers investors a rare opportunity to acquire a value-add multifamily asset in a premier Pasadena location.
Offered for the first time in over 23 years, the property presents investors with a unique opportunity to acquire a long-term ownership asset in one of Pasadena’s most stable and desirable rental markets.Built in 1947, the property consists of a quadruplex and duplex totaling approximately 3,834 rentable square feet on a large 15,124 square foot PSR1-zoned lot. The unit mix includes four (4) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units. Each unit features in-unit laundry and wall-unit air conditioning. The property also offers driveway access and six (6) garage parking spaces, providing valuable on-site parking in a market where parking is highly desirable.
917-933 N Marengo Ave represents an ideal value-add investment opportunity with meaningful upside potential. Current rents are below market, allowing a new investor
the opportunity to eventually renovate units, improve operations, and increase rental income as units turn. Additionally, the property’s large lot may provide potential
for future ADU development, creating an opportunity to further enhance income and long-term value. Buyer to independently verify ADU feasibility and development
potential. The property is ideally positioned in one of Pasadena’s most established residential neighborhoods, just east of the 210 Freeway and north of Mountain Avenue.
Residents benefit from convenient access to Old Pasadena, Downtown Pasadena, the Rose Bowl, Pasadena City College, Caltech, major employment centers, and
the area’s premier shopping, dining, and entertainment amenities. With strong tenant demand, limited multifamily inventory, and long-term appreciation fundamentals,
917-933 N Marengo Ave offers investors a rare opportunity to acquire a value-add multifamily asset in a premier Pasadena location.
Faits sur la propriété
| Prix | 2 091 707 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 545,57 $ CAD / pi² | Individuellement en vente | 0 |
| Type de vente | Investissement | Taille totale du bâtiment | 3 834 pi² |
| Statut | Actif | Superficie totale du terrain | 0,35 AC |
| Prix | 2 091 707 $ CAD |
| Prix/pi² | 545,57 $ CAD / pi² |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 3 834 pi² |
| Superficie totale du terrain | 0,35 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 933 N Marengo Ave, Pasadena, CA 91103 | Immeuble residentiel | 2 560 pi² | 1947 | - |
| 917 N Marengo Ave, Pasadena, CA 91103 | Immeuble residentiel | 1 274 pi² | 1947 | - |
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917-933 N MARENGO AVE
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