731 South MARENGO Avenue Pasadena, CA 91106

$2,200,000 11,223 sq. ft.

731 South MARENGO Avenue

Year Built: 1953
Interior: 11,223 sq. ft. (approx.)
Land: 0.26 acres (approx.)
MLS ID: 19492928_CLAW
Prime Pasadena multifamily INCOME or RM 32 DEVELOPMENT w/office overlay Opportunity! Fabulous location & great upside potential! Value add w/under market rents. 2 four plexes , 1 APN. Corner, 'street to alley'. Only 0.2 miles to Fillmore Gold Line Station. 1 mile to Old Town Pasadena's award winning dining, shopping & entertainment. 84 Walk score & close to 210, 134 and 110 to downtown Los Angeles. Built in 1953, 191 E Fillmore is a 4 Plex with 1+1 mix and 5 separate 1 car garages adjacent to alley & parking lot for retail at S. Arroyo Parkway. 731 S. Marengo is a Craftsman style SFR built in 1905, divided into 4 plex (Mix is 1+1) with a laundry room & full unused Basement w/ windows. Buyer to check TOD density bonus possibilities allowed under State regulations & Fair Oaks Specific Plan. Trust sale, no court confirmation. Buyer to cooperate with Seller's 1031 Exchange. Proforma CAP 5.29 ! 12 luxury townhome construction next door

Listing Courtesy of:
Keller Williams Realty Calabasas
Jennifer R. Maraia

Interior Features

Heating & Cooling
Wall Unit(s)
Wall Gas
Other Features

Exterior Features

Type of Property
Residential Income
Garage Bays: 5
Parking Lot Bays: 5
Architectural Style

Property/Lot Details

Building Amenities
High Ceilings (9 Feet+)
Lot Location
Single Lot
Street Lighting
Street Paved
Walk Street
Property Location
Alley Access
Corner Lot
Near Public Transit
This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. EQUAL HOUSING OPPORTUNITY
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carets-mlsBased on information from the Association of REALTORS®/Multiple Listing as of September 14th 2019. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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