275 S Marengo Avenue, Pasadena, CA 91101

Local realty services provided by:ERA North Orange County Real Estate
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

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1957
  • Listing ID #:25542435
  • Added:130 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

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

Heating and cooling

  • Heating:Wall Furnance

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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). ERA North Orange County Real Estate is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA North Orange County Real Estate, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 275 S Marengo Avenue