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708 N Marengo Ave
Pasadena, CA 91103 Villa Parke

$2,450,000 USD

Storefront Retail Office For Sale  •  4,344 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 4,344 SF
  • Lot Size 0.22 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 5.50 %
  • Tenancy Multiple
  • Zoning PSC*
50 Transit Score
70 Walk Score

Highlights

Standalone retail/office building providing a private operational environment.
Prominent street frontage along N Marengo Avenue offering high visibility to both pedestrian and vehicular traffic.
On-site surface parking with ample spaces, ensuring easy access for customers and employees.
Convenient location near the Pasadena Civic Center, Old Town Pasadena, and major local attractions.

Financial Summary (Actual)

Net Operating Income: $134,750 USD (2025)
Cap Rate: 5.50 %
Total Expenses: $49,990 USD

Major Tenants

Tenant SF Occupied Lease End Date
Costurasy Novedades Ebenezer
Law Office of Patricia Morales
Marina's Beauty Salon
Ricardo's Tax Services
Rojo's Better Life Center Inc

Amenities

  • Corner Lot
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 9.3 mi
Transit/SubwayDriveWalkDistance
Memorial Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 16 min 0.8 mi
AirportDriveWalkDistance
Bob Hope 24 min - 16.9 mi
Long Beach (Daugherty Field) 44 min - 28.1 mi
Los Angeles International 42 min - 29.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Surface
Included in Rent: Yes
Jerry Reyes 858-324-5694 Hoag Property Management, Inc.
Jerry Reyes 858-324-5694 Hoag Property Management, Inc.