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Frances Mouser Moon

frances@famrealtygroup.com +1(760) 273-5315

$ 2,750,000

Est. payment -/mo

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1385 N Marengo AVE Pasadena, CA 91103

0.3 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25197857

HOA Y/N No

Year Built 1980

Lot Size 0.299 Acres

Property Sub-Type Single Family Residence

Property Description

**RARE MULTI-FAMILY PROPERTY FOR SALE- ZONED RM-32 & IS SITUATED ON A LOT SIZE OF 13,020 SQFT ALLOWING FOR FUTURE DEVELOPMENT UP TO 10 UNIT***Attention investors and retirees! Don't miss this rare opportunity to own a fully upgraded multi-family property in the heart of coveted Pasadena! This investment opportunity currently includes TWO SFR'S & 2 APARTMENTS ALL WITH THEIR WITH OWN PARKING! It's ideally located near iconic landmarks like the Rose Bowl, Descanso Gardens, Arroyo Canyon trails, and Kidspace Children's Museum. Upscale shopping, fine dining, and vibrant nightlife on Colorado Blvd are just 1.5 miles away too! The front building houses two spacious 1,036 sq ft apartments. Each features a modern kitchen with a sleek blue island, stone countertops, matching backsplash, and stainless steel appliances. The bathrooms have new white shower and floor tiles, updated vanities, and contemporary fixtures. The Newer flooring and fixtures add to the timeless aesthetics. Unit comes with designated parking spaces. This property also includes two standalone homes behind the apartment structures-A RARE FIND! The middle unit is an SFR, at 1,216 sq ft, offers three bedrooms, one full bathroom, and a private two-car garage. The rear unit (SFR), spanning 1,649 sq ft, includes four bedrooms, two bathrooms, and another private two-car garage. This is the largest and most private unit, boasting an upgraded kitchen and bathrooms showcasing modern tiles, new vanities, and updated fixtures. You'll love the beautifully designed yard, enclosed with durable vinyl fencing… perfect for kids, pets, or family gatherings. Buyers will appreciate the poured concrete throughout the common areas and additional parking spaces, along with energy-efficient upgrades to ensure low utility costs. Live in any of the units and rent out the rest! Fully rented generates high annual income after reasonable expenses. This is a once-in-a-lifetime investment in a prime location. Don't blink or you'll miss it!

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR3

Interior

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Inside, Laundry Closet, Stacked

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks, Urban

View Y/N No

View None

Total Parking Spaces 4

Private Pool No

Building

Lot Description Near Public Transit

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 5729008014

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Lease Land No

Listed by Mike Chou K.W. EXECUTIVE 626-271-0369

Frances Mouser Moon

Team Leader | License ID: 01309623

+1(760) 273-5315

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Frances Mouser Moon

1385 N Marengo AVE Pasadena, CA 91103

Key Details

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1385 N Marengo AVE