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$2,150,000 -$150,000 (-6.52%) Price Reduced
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Property 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.
Full Property Details
Full Property Details for 708 N Marengo
General
- Price: $2,150,000
- Status: Active
- Type: Retail
- Source: MRMLS
- MLS ID: DW26148262
- Updated: 8/3/2026
- Days on Market: 27 days
- Added to Site: 27 day(s) ago
Rooms
Other Rooms
- Laundry: None
Location
- County: Los Angeles
- Driving Directions: Exit 210fwy Marengo, North of Marengo
Structural Information
- # Buildings: 1
- Entry Floor Number: 1
- Stories/Levels: 2
- Building Size: 4344
- Square Feet: 4,344
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.2159
- Useable Acres: .2159
- Lot Size (Sq. Ft.): 9,404
- Lot Size Source: Assessor
- Lot Features: Corner Lot
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $494
Disclosures and Reports
- Property ID: 5725020013
Listed by Hoag Property Management, JerryReyes and JavierCenizo
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Schools
Schools serving 708 N Marengo
School District:Pasadena Unified School District
| Name | Grades | Distance |
|---|---|---|
Madison Elementary School, Pasadena, CA 515 East Ashtabula Street, Pasadena, CA 91104 | K-5 | 0.3 mi |
Octavia E. Butler Magnet School 1505 North Marengo Avenue, Pasadena, CA 91103 | 6-8 | 1 mi |
John Muir High School 1905 N. Lincoln Ave., Pasadena, CA 91103 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 708 N Marengo
Date
Details
Price
Change
Source
7/29/2026
Price Reduced
$2,150,000
-6.52%
MLS
7/08/2026
Listed
$2,300,000
325.93%
MLS
6/10/2003
Sold
$540,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 708 N Marengo
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,879
5%
$782,077
2%
2024
$10,334
1%
$766,743
2%
2023
$10,244
3%
$751,710
2%
2022
$9,917
4%
$736,972
2%
2021
$9,521
4%
$722,522
1%
2020
$9,189
—
$715,115
2%
2019
$9,198
—
$701,095
2%
2018
$9,177
1%
$687,349
2%
2017
$9,060
3%
$673,873
2%
2016
$8,834
1%
$660,661
2%
2015
$8,730
2%
$650,738
2%
2014
$8,570
—
$637,992
—
2013
$8,561
—
$635,110
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 708 N Marengo
708 N Marengo, Pasadena, CA 91103 (MLS# DW26148262) is a Retail property. 708 N Marengo is currently listed for $2,150,000 and was received on July 08, 2026. Want to learn more about 708 N Marengo? Do you have questions about finding other Retail real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.

