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Reza Ghobadi

Property Details

Property Type Other
Lot Size 9,307 SF
Additional Rent Contact for pricing
Parking Spaces Avail. 8
Year Built 1958
Date Updated Dec 17, 2024

Colliers International’s Ghobadi Multifamily Team is pleased to present 850 N. Marengo Avenue in Pasadena. Built in 1958, this apartment complex comprises three 1-bedroom/1-bathroom units, two 2-bedroom/1-bathroom units and two Studio units totaling approximately 4,809 rentable square feet on a parcel of ±9,307 square feet of land zoned PSR1. All units have been renovated extensively and soft-story retrofit was recently completed. The property also offers eight parking spaces and an on-site laundry facility. The appealing unit mix and desirable Pasadena location make this building a desirable opportunity for investors looking to expand their portfolio.

The building is positioned in a great centralized area of Pasadena on N. Marengo Avenue between N. Fair Oaks Avenue and N. Los Robles Avenue, providing easy access to the 210 and 134 Freeways. The convenient access to Downtown Pasadena offers many attractions such as charming restaurants, bars, and plenty of shopping options. The site is also near the renowned Rose Bowl Stadium, Brookside Golf Course, Pasadena City Hall, the Playhouse District, Old Town Pasadena, California Institute of Technology and Pasadena City College, all contributing to the ascending demand for rentals in this neighborhood.

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Getting around

79/100
Walk Score ®
51/100
Transit Score ®
90/100
Bike Score ®

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Location

City Pasadena, CA
Neighborhood Garfield Heights
Zip Code 91103
Market Los Angeles

Points of Interest

Glendale

6.98 miles
Chinatown Station

8.44 miles
Chinatown

8.45 miles
Los Angeles Union Station

8.84 miles
Union Station

8.84 miles
Mariachi Plaza Metro Station Entrance

8.88 miles
Soto Station

8.89 miles
Indiana

9.13 miles
Civic Center/Grand Park

9.22 miles
Civic Center/Grand Park Station

9.25 miles

Mobil

0.60 miles
76

0.77 miles
Arco

0.79 miles
Shell

0.81 miles
Ralphs Gas Station

1.00 miles
ARCO 54678

1.08 miles
ARCO 42933

1.47 miles
Tesla Supercharger

9.25 miles
ChargePoint

9.34 miles
Parking electrique

9.63 miles

The Carnegie Observatories

0.76 miles
Park & Walk Garages

1.10 miles
Loading Dock

1.49 miles
Student Parking Lot No.10

1.71 miles
The Shops on Lake Avenue

1.73 miles
Parking Structure 1

1.74 miles
Student Parking Lot No.11

1.75 miles
Staff Parking Lot No.1

1.77 miles
Parking Structure 2

1.82 miles
Lot 11

1.84 miles

Residence Inn

0.77 miles
Westin Pasadena

0.83 miles
Courtyard

0.85 miles
Centennial Place

0.86 miles
Hyatt Place Pasadena

1.10 miles
Zinkes Drive Inn

1.12 miles
Sheraton Pasadena Hotel;Sheraton

1.22 miles
Hilton

1.26 miles
Pasadena Hotel & Pool

1.33 miles
Pasadena Inn

1.49 miles

Baja Ranch Market

0.33 miles
Vallarta

0.43 miles
Smart & Final

0.61 miles
Food 4 Less

0.88 miles
Ralphs

1.15 miles
Target

1.16 miles
Namaste Spiceland

1.56 miles
Whole Foods Market

1.58 miles
Trader Joe's

1.60 miles
The Colonnade Mall

1.65 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.