Joe Cloninger

Partner, Sales/Marketing License ID: 01954784

GET MORE INFORMATION

We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.

$ 1,305,000

$ 1,490,000 12.4%

Est. payment | -/mo

8 Beds

6 Baths

3,834 SqFt

$ 1,305,000

$ 1,490,000 12.4%

Est. payment | -/mo

8 Beds

6 Baths

3,834 SqFt

Key Details

Sold Price $1,305,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,834 sqft

Price per Sqft $340

MLS Listing ID 26860377

Sold Date 08/31/26

Bedrooms 8

Year Built 1947

Lot Size 0.347 Acres

Acres 0.2316

Property Sub-Type Multi-Family

Property Description

he offering consists of two parcels: APN 5729-016-011, improved with a duplex, and APN 5729-016-009, improved with a quadruplex. Built in 1947, the property totals approximately 3,834 rentable square feet on a large 15,124-square-foot PSR1-zoned corner lot. The unit mix includes four one-bedroom/one-bath units and two two-bedroom/one-bath units. Each unit features in-unit laundry and wall-unit air conditioning. The property also offers driveway access and six garage parking spaces.Current rents are below market, providing a new owner with the opportunity to renovate units, improve operations, and increase rental income as units turn. The oversized lot may also offer potential for future ADU development, creating an additional opportunity to enhance income and long-term value. Buyer to independently verify all development and ADU feasibility.Ideally located just north of Mountain Street and east of the 210 Freeway, the property provides convenient access to Old Pasadena, Downtown Pasadena, the Rose Bowl, Pasadena City College, Caltech, major employment centers, and the area's premier shopping, dining, and entertainment amenities. With strong tenant demand, limited multifamily inventory, and long-term appreciation potential, 917933 N Marengo Avenue represents a compelling investment opportunity in one of Pasadena's most established residential neighborhoods.

Location

State CA

County Los Angeles

Area Pasadena Nw

Zoning PSR1

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Dryer, Washer

Exterior

Parking Features Garage - 1 Car

Garage Spaces 6.0

Building

Level or Stories One

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.
Bought with Townsquare Real Estate Partners Inc.