505 N Marengo Ave is a 7-unit, NON rent-controlled apartment community in the City of Pasadena, California. The property is situated on a large lot size of ±17,991 square feet lot which provides buyer options for future development (RM-16 zoning). It is located within walking distance to Old Town Pasadena. It has good demographics with an average household income of ±$73,600 within a 1 mile radius. The property is a two story building where each unit is separately metered for electricity and gas. Parking is abundant with a total of 20 parking spaces provided by 2 car garage spaces and 18 open space parking. The property has a large front yard, and side garden area and an attractive curb appeal. The seller recently improved the property by upgrading several units with laminated hardwood floor, tiled bathroom, granite kitchen countertops and new kitchen cabinets. In 2002, seller resurfaced the parking area, installed cement driveway, metal staircases, new landings, new roof, copper water line and new garage door. Seller upgraded all windows several years ago, installed new master water heater in 2012, and repainted the exterior several years ago. It has 8 separate electric and gas meters.