Marrengo Apartments | 1420 S Marengo Ave
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Marrengo Apartments 1420 S Marengo Ave
12 Unit Apartment Building $4,909,362 CAD ($409,114 CAD/Unit) 4.08% Cap Rate Pasadena, CA 91106
Investment Highlights
- Great rental area- always stay 100% occupied
- Conveniently located to Metro transportation, freeways shopping schools, parks restaraunts, colleges- make it a sought out for location to live
- Secured parking area
Executive Summary
Great 12 Unit Multifamily investment opportunity building is a two story garden style located in a quiet neighborhood all 1 bedroom 1 bath and 100% ocupied. Building has a secured covered carport parking in the rear of the buidling. There is an onsite laundry facility and each unit has its own Water heater. Roof is newer replaced
approxiately 3 yrs ago. All tenants are on MTM and there is an upside in rents mostly long term tenants who have been occupants for several years.
approxiately 3 yrs ago. All tenants are on MTM and there is an upside in rents mostly long term tenants who have been occupants for several years.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,909,362 CAD | Property Subtype | Apartment |
| Price Per Unit | $409,114 CAD | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 4.08% | Building Size | 5,928 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.38 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1985 |
| Property Type | Multifamily | Parking Ratio | 2.36/1,000 SF |
| Price | $4,909,362 CAD |
| Price Per Unit | $409,114 CAD |
| Sale Type | Investment |
| Cap Rate | 4.08% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 16.38 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.34 AC |
| Building Size | 5,928 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.36/1,000 SF |
Site Amenities
- Laundry Facilities
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PROPERTY TAXES
| Parcel Number | 5729-009-001 | Total Assessment | $2,901,827 CAD (2024) |
| Land Assessment | $1,896,622 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,005,205 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5729-009-001
Land Assessment
$1,896,622 CAD (2024)
Improvements Assessment
$1,005,205 CAD (2024)
Total Assessment
$2,901,827 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
zoning
| Zoning Code | PSR1 (Apartment House ( 5+ units)) |
| PSR1 (Apartment House ( 5+ units)) |
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Marrengo Apartments | 1420 S Marengo Ave
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