Property profile

24 Marengo Ave Pasadena, CA 91101

OFF-MARKET
Investment properties
Property ID
US09-6380489
6,768 SF 0.07 ac lot Built 1926
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1926
Construction TILT-UP CONCRETE
Total area 6,768 SF
Lot 0.07 ac (2,939 SF)
Zoning code PSC-
APN 5723-026-020
UPID US09-6380489

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

24 Marengo Ave Pasadena, CA 91101-1902
Pasadena metro Census 461902 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.19M
Blend (final) Blend
$3.95M

Owner & transaction history

since 2021
Last sale
$3.9M
7 recorded transactions
2021
Price N/A
2021
$3.9M
2009
$3.0M
2006
$3.0M
1998
$775,000
1996
Price N/A
1996
Price N/A

Zoning & alternative use

PSC- · Pasadena, CA
Top alternative use upside
Restaurant $4.7M +78.5%
Office building $4.2M +56.9%
Neighborhood: shopping center $4.1M +55.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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