708 N Marengo, Pasadena, CA 91103

$2,150,000

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Listing courtesy of Listing Agent: Jerry Reyes (jreyes@hoagpropertymgt.com) from Listing Office: Hoag Property Management.

List Price
$2,150,000
Status
ACTIVE
Days on Market
65
Price Change
▼ $150,000 1785354206
MLS#
DW26148262
Subtype
Commercial Sale
Year Built
1960
Lot Size
9,404
Acres
0.22
MLS Area Major
Pasadena (NE) (646)

Property Description

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 consists of five (5) 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.