275 S Marengo Avenue, Pasadena, CA 91101

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275 S Marengo Avenue,Pasadena, CA 91101
$10,000,000
  • 46 Beds
  • 39 Baths
  • 29,930 sq. ft.
  • Multi-family
  • Active
Listed by:sevak keshishian
Office:marcus & millichap
MLS#:25542435
Source:CRMLS

Price summary

  • Price:$10,000,000
  • Price per sq. ft.:$334.11

About this home

We are pleased to present 275 S. Marengo Avenue a rare opportunity to acquire a 35-unit multifamily property located in Pasadena's historic Civic Center neighborhood.Offered for the first time in over 50 years, this well-maintained, value-add asset provides investors with the chance to capture more than 45% rental upside and own a truly generational property in one of Southern California's most desirable and developed submarkets.Built in 1957, the 29,930-square-foot courtyard-style building consists of 3 studio units, 16 one-bedroom/one-bathroom units, 13 two-bedroom/one-bathroom units, and 3 two-bedroom/two-bathroom units. 34 of the 35 units are currently occupied, with 1 one-bedroom unit used as an on-site management office.Property amenities include controlled and gated access, a swimming pool, an on-site laundry room equipped with 3 washers and 3 dryers, 42 tenant parking spaces, 2 visitor parking spaces, and private storage cabinets for every unit. Major capital improvements

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Home facts

  • Year built:1957
  • Listing Id #:25542435
  • Added:85 day(s) ago
  • Updated:August 17, 2025 at 01:19 PM

Rooms and interior

  • Bedrooms:46
  • Total bathrooms:39
  • Living area:29,930 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1957
  • Building area:29,930 sq. ft.
  • Lot area:0.9 Acres

Finances and disclosures

  • Price:$10,000,000
  • Price per sq. ft.:$334.11
Based on information from California Regional Multiple Listing Service, Inc. as of August 17, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 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.

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