Price Reduction
Address
708 N Marengo Avenue Pasadena, CA
Price
$ 1,775,000
Property Attributes
  • MLS#AR20256489
  • TypeCommercial
  • CountyLOS ANGELES
  • CityPasadena
  • AreaPasadena
  • Zip91103
  • StyleRetail
  • Price$ 1,775,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,401 SqFt
Listing Provided Courtesy Of:
Robert Alvarez with Century 21 Adams & Barnes.
Data Source:
CRMLS
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.

Price History
12/12/2020 Listed $1,950,000
2/13/2021 4% - $1,875,000
4/7/2021 3% - $1,825,000
5/3/2021 3% - $1,775,000

General Features

Building Name Marina's
Business Type Barber/Beauty, Commercial, Financial, Mixed, Professional/Office, Other, Professional Service, Real Estate, Retail
Co-Listing Agent State License # 00939864
Construction Materials Blown-In Insulation, Drywall, Plaster, Stucco
Cooling Central Air
Electric Electricity - On Property
Heating Central, Forced Air, Natural Gas
Listing Agent Robert Alvarez - BRE#01800836
Listing Agent State License 01800836
MLS Area 645 - Pasadena (NW)
Open Parking Spaces 14
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Roof Asphalt, Flat, Rolled/Hot Mop
Security Features Closed Circuit Camera(s)
Terms Cash, Cash to New Loan, Contract
Topography Level
Total Units 10
Utilities Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Zoning PSC*

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features None

Exterior Features

Fencing Wrought Iron
Lot Dimensions 60 X 157
Lot Features 0-1 Unit/Acre, Corner Lot, Near Public Transit, Paved, Street Level, Walkstreet, Level
Lot Size Acres 0.22
Lot Size Area 9401
Lot Size Source Assessor
Lot Size Square Feet 9401
Lot Size Units Square Feet
Number of Buildings 1
Total Parking 14
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91103

Price
AVG $2.08M
$1.78M
Visits
AVG 30
75
Year Built
AVG 1961
1960
Walkscore
AVG 75
88
Data Provided by Walkscore ® not using MLS data

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