Courtyard Bldg | 95 N Marengo Ave
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Courtyard Bldg 95 N Marengo Ave
23,309 SF Retail Building Pasadena, CA 91101 $20,000,000 ($858/SF)
EXECUTIVE SUMMARY
- Two Story Brick Mixed Use Building owner-user opportunity
- Architectural Pedigree- Sylvanus Marston & Garrett Van Pelt. Primary Architectural Style is Craftsman (Arts & Crafts)
- Located in Civic Center Historic District between Old Pasadena and Playhouse Districts and 1 block to Pasadena City Hall
- Only privately owned out of 12 buildings listed as National Register of Historic Places in the Civic Center District
- Rare generational opportunity to purchase a trophy asset in high barrier to entry market
- Next door to Memorial Park Metro A Line Station
- Affluent AHHI of $133,760 in a 1 Mi. radius and $170,210 in a 3 Mi. radius
- Innovative center of major research, science technology and incubators
- City of Pasadena Parking agreement for 65 monthly spaces in structure across street
- Architectural Pedigree- Sylvanus Marston & Garrett Van Pelt. Primary Architectural Style is Craftsman (Arts & Crafts)
- Located in Civic Center Historic District between Old Pasadena and Playhouse Districts and 1 block to Pasadena City Hall
- Only privately owned out of 12 buildings listed as National Register of Historic Places in the Civic Center District
- Rare generational opportunity to purchase a trophy asset in high barrier to entry market
- Next door to Memorial Park Metro A Line Station
- Affluent AHHI of $133,760 in a 1 Mi. radius and $170,210 in a 3 Mi. radius
- Innovative center of major research, science technology and incubators
- City of Pasadena Parking agreement for 65 monthly spaces in structure across street
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
23,309 SF
Building Class
C
Year Built/Renovated
1922/1984
Price
$20,000,000
Price Per SF
$858
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.36
Lot Size
0.39 AC
Zoning
CD-MU-G - Allows for most office, medical office, retail, work live units, residential, restaurant, cultural institutions, religious & child day care uses.
Parking
65 Spaces (2.79 Spaces per 1,000 SF Leased)
Frontage
89 FT on N Marengo Ave
AMENITIES
- 24 Hour Access
- Bus Line
- Metro/Subway
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5723-019-015 | Improvements Assessment | $1,037,892 (2024) |
| Land Assessment | $798,378 (2024) | Total Assessment | $1,836,270 (2024) |
PROPERTY TAXES
Parcel Number
5723-019-015
Land Assessment
$798,378 (2024)
Improvements Assessment
$1,037,892 (2024)
Total Assessment
$1,836,270 (2024)
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Courtyard Bldg | 95 N Marengo Ave
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