505 N Marengo Avenue,  Pasadena CA, 91101 (Residential Income)

4,366 sqft
Status: Active
MLS#: AR16199646
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Last Updated: 12/3/2016 2:17 AM
Description for 505 N Marengo Avenue Pasadena, CA 91101
505 N Marengo Ave is a 7-unit, NON rent-controlled apartment community in the City of Pasadena, California. The property is situated on a large lot size of ±17,991 square feet lot which provides buyer options for future development (RM-16 zoning). It is located within walking distance to Old Town Pasadena. It has good demographics with an average household income of ±$73,600 within a 1 mile radius. The property is a two story building where each unit is separately metered for electricity and gas. Parking is abundant with a total of 20 parking spaces provided by 2 car garage spaces and 18 open space parking. The property has a large front yard, and side garden area and an attractive curb appeal. The seller recently improved the property by upgrading several units with laminated hardwood floor, tiled bathroom, granite kitchen countertops and new kitchen cabinets. In 2002, seller resurfaced the parking area, installed cement driveway, metal staircases, new landings, new roof, copper water line and new garage door. Seller upgraded all windows several years ago, installed new master water heater in 2012, and repainted the exterior several years ago. It has 8 separate electric and gas meters.
Price
$1,800,000
Los Angeles
4,366 (approx)
AR16199646
Active
Description
505 N Marengo Ave is a 7-unit, NON rent-controlled apartment community in the City of Pasadena, California. The property is situated on a large lot size of ±17,991 square feet lot which provides buyer options for future development (RM-16 zoning). It is located within walking distance to Old Town Pasadena. It has good demographics with an average household income of ±$73,600 within a 1 mile radius. The property is a two story building where each unit is separately metered for electricity and gas. Parking is abundant with a total of 20 parking spaces provided by 2 car garage spaces and 18 open space parking. The property has a large front yard, and side garden area and an attractive curb appeal. The seller recently improved the property by upgrading several units with laminated hardwood floor, tiled bathroom, granite kitchen countertops and new kitchen cabinets. In 2002, seller resurfaced the parking area, installed cement driveway, metal staircases, new landings, new roof, copper water line and new garage door. Seller upgraded all windows several years ago, installed new master water heater in 2012, and repainted the exterior several years ago. It has 8 separate electric and gas meters.
Listing Information
Property Type: Cluster, 2 Story
0.41 Acres 1,799,100 sq.ft. 4,366 (approx)
$412.28 1895
Yes- 2 spaces 2
4 Total
Neighborhood
Room Information
Exterior / Lot Features
2 Garage Spaces, 20 Parking Spaces
None
No Pool
RM16
Suburban
Driving Directions
Cross Streets: Villa St
Financial Considerations
5725015025
$104,520 Income ,$33,068Expense
Listing Price History

Pasadena Real Estate

Pasadena is located in California. Pasadena, California 91101 has a population of 137,316.

The median household income in Pasadena, California 91101 is $68,310. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Pasadena 91101 is 37.1 years.

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Courtesy: Growth Investment Group, Inc. Handoko Chen
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