Multifamily Property with Six
For Sale
$1,490,000
925 N Marengo Ave, Pasadena, CA 91103
Six-unit multifamily asset with in-unit laundry, individual air conditioning, and access to Pasadena employment and educational centers.
Property Size3,834 SF
Lot Size0.35 Acres
Price / SF$388.63
Days on Market23
Property Features for 925 N Marengo Ave
General Information
Standard status
Active
Size
3,834 SF
Net Rentable
3,834 SF
Total Parking Spaces
6
Lot size
0.35 Acres
Property subtype
Residential Income
Zoning
PSR1
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
4 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
6
Amenities
in-unit laundry
wall-unit air conditioning
Building Details
Year Built
1947
Buildings
2
Listing Agency:
Kidder Mathews of California, Inc.
(818) 636-6342
Listed By:
Angelica Gotzev
(818) 636-6342
Source:
Exprealty
Added: Jul 15
Changed: Aug 4
Last Checked: Aug 4 at 4:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews of California, Inc.
Investment Insights
Based on property information with market context.
This multifamily property comprises two parcels improved with a duplex and a fourplex. The buildings contain approximately 3,834 rentable square feet and were built in 1947. The six-unit configuration includes four one-bedroom, one-bath residences and two two-bedroom, one-bath residences. Each unit has in-unit laundry and wall-unit air conditioning, while the site includes driveway access and six garage parking spaces.
The property occupies a 15,124-square-foot corner lot with PSR1 zoning. Its Pasadena setting is east of the 210 Freeway and offers access to Old Pasadena, Downtown Pasadena, the Rose Bowl, Pasadena City College, Caltech, employment centers, and nearby shopping, dining, and entertainment. Current rents are described as below market, and the source information identifies renovation and operational improvements as possible ways to increase rental income as units turn. Any future ADU development would require independent feasibility verification.
The property occupies a 15,124-square-foot corner lot with PSR1 zoning. Its Pasadena setting is east of the 210 Freeway and offers access to Old Pasadena, Downtown Pasadena, the Rose Bowl, Pasadena City College, Caltech, employment centers, and nearby shopping, dining, and entertainment. Current rents are described as below market, and the source information identifies renovation and operational improvements as possible ways to increase rental income as units turn. Any future ADU development would require independent feasibility verification.
Key Highlights
- Two parcels improved with a duplex and a fourplex
- Six units: four 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath residences
- Approximately 3,834 rentable square feet; built in 1947
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,859
Businesses Nearby
Explore this area
Business Placement
Demographics for 91103, CA
26,887
Population
9,392
Households
2.9
Avg Household Size
39
Median Age
38%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
5,845
Density / Sq Mi
$84,683
Median Household Income
$43,591
Median Earnings
$1,925
Median Rent
$960,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Six-unit multifamily asset with in-unit laundry, individual air conditioning, and access to Pasadena employment and educational centers.
Where is this multifamily property located?
The property is located at 925 N Marengo Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Two parcels improved with a duplex and a fourplex; Six units: four 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath residences; Approximately 3,834 rentable square feet; built in 1947
