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For SaleLuxury

$2,150,000

9,405 sqft$229/sqft120 days on market

708 N Marengo AVE

Pasadena, CA 91103

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

9,405

Square feet

1960

Built

Listing narrative

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.

Listing agent (MLS): Jerry Reyes · Listing brokerage (MLS): Hoag Property Management

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$2,150,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Retail

Home Size

9,405 sqft

Baths

Baths n/a

Lot Size

0.22 acres

Year

1960

Status

For Sale

Days on Market

120

$ / Sqft

$229

· 8% down, 7% APR, 30yr fixed
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Courtesy of Hoag Property Management