708 N Marengo Ave - Retail FOR SALE


Pasadena, CA 91103- Villa Parke
$2,600,000 USD
858-324-5694
708 N Marengo Ave, Pasadena, CA for Sale
$2,600,000 USD
Retail - FOR SALE
1/17
null | Request Cap Rate

708 N Marengo Ave
Pasadena, CA 91103
Villa Parke


OVERVIEW

Located in the vibrant heart of Pasadena, this exceptional 4,344 square foot corner commercial building presents a rare investment opportunity in one of Southern California’s most desirable business districts. Positioned on a highly visible corner lot, the property benefits from strong street presence, steady foot traffic, and convenient accessibility for both customers and tenants. The building is 100% occupied with six established tenants, providing immediate and stable income for investors seeking a well-performing asset in a prime location. Each tenant enjoys functional layouts designed for efficient business operations, while the diverse tenant mix contributes to consistent occupancy and long-term stability. A major advantage of the property is its private on-site parking, a valuable amenity in a dense urban setting like Pasadena. This feature enhances tenant convenience and customer accessibility, further strengthening the property’s appeal. With its prime corner location, full occupancy, and strong income potential, this Pasadena property represents an outstanding opportunity for investors looking to acquire a well-positioned commercial asset in a thriving market.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$599 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marengo Property

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

PSC*

APN/PARCEL ID

5725-020-013

ASK ABOUT THIS PROPERTY

Jerry ReyesHoag Property Management, Inc.More Info
858-324-5694

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Jerry ReyesHoag Property Management, Inc.More Info
858-324-5694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.