779 N Marengo, Pasadena, CA 91103

$1,699,000
5
BD
4
BA
3,426
SqFt

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List Price
$1,699,000
Status
ACTIVE
MLS#
PW26239858
Year Built
1920
Bedrooms
5
Bathrooms
4
Living Sq. Ft
3,426
Lot Size
1,692,742
Acres
38.86
Lot Location
16-20 Units/Acre, Rectangular Lot
Days on Market
1
Property Type
Single Family Residential
Property Sub Type
Single Family Residence
Stories
Two Levels

Property Description

ONE-OF-A-KIND opportunity in Pasadena's Villa Parke neighborhood. Dreaming of a storybook home full of timeless charm? Or a rare multi-family lot to build your next income property? This ±14,927 SF RM-32 property offers both. For the homeowner: hidden behind a lush natural hedge, this early-1900s classic feels like a scene from a romantic movie, complete with its own Romeo-and-Juliet balcony and walls of windows that pour in natural light. Approx. 3,426 SF with 5 bedrooms and 4 baths, ready for a full renovation, plus a sweeping backyard with room for ADUs or limitless potential to shine. For the investor: preliminary 8-unit plans are ready to go, with potential for 20+ units through state density bonus incentives for affordable housing . The City confirmed in 2021 that the home is not a historic landmark, giving you the flexibility to redevelop. Villa Parke is one of Pasadena's most walkable neighborhoods, minutes from the cafés, boutiques, and dining of Old Pasadena, the Metro A Line, and the 210, with Caltech, JPL, ArtCenter, and Huntington Hospital nearby. Lots like this rarely come to market. Schedule your private showing before this dream to be opportunity is gone.

Additional Information

Pool Description
None
Fireplace Description
Bonus Room, Family Room
Cooling
Yes
Cooling Description
Central Air
View
Neighborhood
Sewer
Public Sewer
Water
Public
School District
Pasadena Unified
Interior Features
Attic
Attached Structure
Detached
Number Of Units Total
1

Listing courtesy of Listing Agent: Minnie Kim (minnie.kim@premierrg.com) from Listing Office: Premier Realty.

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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.