Skip To Content

708 N Marengo Avenue

Pasadena, CA 91103
  • $1,775,000
  • STATUS: Active
  • ON SITE: 222 days
  • ID#: AR20256489
UPDATED: 36 min ago
$1,775,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,344
    SQFT
  • $409
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Description

Offered for sale, motivated seller, please feel free to submit all offers according to buyers objectives, this is a free standing commercial mixed-use office/retail building in Pasadena, located on the signalized corner of Marengo Avenue and Orange Grove Blvd. The subject property consists of 4,344 square feet constructed in 1960 and zoned PSC*. Situated on a 9,408 parcel. There are (14) on-site parking spaces and one handicap parking space. The building consists of ten office/retail spaces with seven separate long-term tenants. There is both an interior and exterior stairway to the second floor, two restrooms and one tenant kitchenettes on both floors. Investment highlights include; Ingress and Egress from Orange Grove Blvd., a well maintained structure and grounds, 100% long term tenancy, a signalized corner location, excellent north Pasadena traffic arteries, excellent Garfield, Olive and Orange Heights demographics and a prime location in this area of Pasadena. Please contact listings agents and also refer to Offering Memorandum attached.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-23T13:34:46.22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/112575935
Print Image

708 N Marengo Avenue Pasadena, CA 91103

  • Price: $1,775,000
  • Status: Active
  • Updated: 36 min ago
  • ID#: AR20256489
0
Beds
0
Baths
0
½ Baths
0.22
Acres
4,344
SQFT
$409
$/SQFT
1960
Built
Neighborhood:
645 - Pasadena (NW)
County:
Los Angeles
Area:
645 - Pasadena (NW)
Property Description
Offered for sale, motivated seller, please feel free to submit all offers according to buyers objectives, this is a free standing commercial mixed-use office/retail building in Pasadena, located on the signalized corner of Marengo Avenue and Orange Grove Blvd. The subject property consists of 4,344 square feet constructed in 1960 and zoned PSC*. Situated on a 9,408 parcel. There are (14) on-site parking spaces and one handicap parking space. The building consists of ten office/retail spaces with seven separate long-term tenants. There is both an interior and exterior stairway to the second floor, two restrooms and one tenant kitchenettes on both floors. Investment highlights include; Ingress and Egress from Orange Grove Blvd., a well maintained structure and grounds, 100% long term tenancy, a signalized corner location, excellent north Pasadena traffic arteries, excellent Garfield, Olive and Orange Heights demographics and a prime location in this area of Pasadena. Please contact listings agents and also refer to Offering Memorandum attached.
Exterior Features

Construction Materials Blown-In InsulationDrywallPlasterStucco Entry Level 1 Fencing Wrought Iron Lot Features 0-1 Unit/AcreCorner LotNear Public TransitPavedStreet LevelWalkstreetLevel Open Parking Spaces 14 Parking Total 14 Roof AsphaltFlatRolled/Hot Mop Sign On Property YN No Topography Level

Interior Features

Cooling Central Air Cooling YN Yes Heating CentralForced AirNatural Gas Heating YN Yes

Property Features

Additional Parcels YN No Building Name Marina's Business Type Barber/BeautyCommercialFinancialMixedProfessional/OfficeOtherProfessional ServiceReal EstateRetail Cap Rate 4 Common Interest None Electric Electricity - On Property Gross Scheduled Income 121080 Insurance Expense 3180 Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanContract Maintenance Expense 6480 Net Operating Income 80272 Number Of Units Leased 10 Operating Expense 40808 Other Expense 6773 Property Sub Type Retail Security Features Closed Circuit Camera(S) Special Listing Conditions StandardNo Smoking Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance Rate 5 Water Source Public Zoning Psc*

Listing provided courtesy of Robert Alvarez of Century 21 Adams & Barnes and Brion Costa of


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-23T13:34:46.22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365025917-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365025917-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365025917-1.jpg
Logo
Keller Williams Realty
,