95 Marengo Ave Pasadena, CA 91101
- Office buildings
- 15,922 SF
- 0.39 lot acres
Current Use by Public Records
- Danielle Neddo / Psychologist
- Dr. Monica Ng / Psychologist
- Pasadena / Counselor
- Steven Unruh MDIV.,MFT / Mediation Service / Divorce Service
- Poon Denise O / Social Worker
Property Details for 95 Marengo Ave
- Year built
- 1922
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.39 lot acres
- Property size
- 15,922 SF
- Zone code
- PSC-
- Property type
- Office buildings
- APN
- 5723-019-015
- APU
- 5723019015
Description
This exceptional two-story, 25,040 square foot mixed-use building, located in Pasadena's vibrant Civic Center Historic District, presents a unique investment opportunity. Built in 1922 and renovated in 1984, this Craftsman-style structure boasts authentic architectural details, including a pleasant open arcade and fine brickwork. Currently occupied by a restaurant, theatre, and office tenants, the building offers approximately 12,277 rentable square feet on the ground floor and 6,502 rentable square feet on the second floor, plus a sizable basement of approximately 4,529 rentable square feet. The ground floor features a restaurant with a full kitchen and bar, a theatre with dressing rooms, and office space. The second floor includes numerous private offices, a large meeting room, and support spaces. The basement provides additional office space, meeting rooms, a kitchen, and a server room. An outdoor patio of approximately 999 square feet offers additional space for gatherings. The building includes 65 parking spaces, with additional parking readily available in nearby public and private structures. The property's CD-MU-G zoning allows for a variety of uses, including medical offices, residential units, and cultural institutions. Its prime location, just two blocks from Colorado Boulevard and one block from Pasadena City Hall, offers exceptional visibility and accessibility, with easy freeway access and proximity to public transportation. The asking price is $20,000,000, with a gross square footage price of $798.72 per square foot and a rentable square footage price of $858.01 per square foot. This irreplaceable property offers a blend of history, functionality, and prime location in a thriving area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.146
- Latitude
- 34.1479
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
