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Image 1 - 1315 N Marengo Ave, Pasadena, California, 91103 - House for sale
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Home For Sale In Pasadena, California
1315 N Marengo Ave, Pasadena, California, 91103

Home For Sale In Pasadena, California

house for sale
Listed: 06/19/24

1315 N Marengo Ave, Pasadena, California, 91103

4 Bed:
6 Bath:
3,608 Sq Ft Living Area:
Save
Price
$ 1,63M

About This House

Growth Investment Group California, the exclusive listing agents, are proud to offer1315 NMarengo Ave, Pasadena. This offering provides a whopping 5.75% CAP Rate and 7.61% Proforma CAP Rate (buyer to verify), which is currently one of the highest CAP Rate for apartments in Pasadena submarket. The property is a two-story apartment with a charming colonial revival architecture. It was built in 1892; it has a large building size of3, 608 SFand is situated on a8, 410 SFlot. It offers a desirable unit mix (for Pasadena rent control area) of two (2) x 2bed+1bath, and Four (4) x Studio units. Four units have been upgraded with brand new flooring throughout, LED lighting, brand new kitchen with quartz countertops + new kitchen …  Full description

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Normandie Heights Housing & Living

Household Income

Median household income: $76,264
Number of households: 54,734
The average household income in Pasadena, CA grew from $73,029 to $76,264 in the past year. This data is an estimate based upon 54,734 households in Pasadena, CA.
The chart below presents how household income is distributed in Pasadena, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Pasadena, CA compared to median property taxes around the country. The prevalent amount of property taxes in Pasadena, CA equals $3k+ , which is more than the national average.