95 N Marengo Ave

Attachments

• 95-N-MarengoAve Offering Memorandum (PDF) opens in new window

Highlights

• Premium Location – Located just 2 blocks North of Colorado Blvd. and 1 block West
• of Pasadena City Hall, The Turner and Stevens Co. building is in The Civic Center
• District, a vibrant zone that sits between Old Pasadena and Playhouse Village. This
• historic neighborhood is located in the heart of Pasadena and is 1/2 block from the
• Old Pasadena Historic District, a 20-block area offering more than 200 specialty shops,
• retail stores and boutiques, and more than 100 upscale restaurants, cozy bistros and
• outdoor cafes.
• Exceptional Quality – Great historic property that is adorned with authentic elements
• throughout. Per California Historical Resources Description, “There is a pleasant open
• arcade, the roof of which swoops up to relate it to the main mass of the building in
• a way reminiscent of Greene and Greene and Bernard Maybeck. The chapel has a roof
• which ties the whole composition to the ground so that the building fits admirably
• into its slightly sloping site. The brickwork, which is of fine color and texture,
• very well executed, lends warmth, interest and scale to the building. The windows,
• too, are well executed. All materials are fine quality, and the whole structure is
• admirably maintained.”
• Irreplaceable Business Location - Currently occupied by a restaurant, theatre and
• offices. Current zoning allows for various other uses such as medical office, work
• live units, residential, indoor commercial recreation, cultural institutions, religious
• facilities with affordable housing and charitable institutions per Central District
• Specific Plan. Buyer should confirm the building eligibility for the City of Pasadena’s
• Historic Contract Program established under the authority of a State enabled program
• known as the Mills Act.
• Convenient Parking & Transportation – In addition to the parking spaces provided
• for in the parking lease with the City of Pasadena at the parking structure across the
• street, the property is immediately adjacent to Old Pasadena which offers over 8,000
• parking spaces including 3 public Park & Walk garages and private Parking structures,
• and surface lots. City parking offers monthly parking from $85.00 to $95.00 per space
• per month and visitor parking at $1.00 first 2 hours and $2.00 per hour thereafter with
• a $12.00 daily max. Curbside parking meters are free before 11:00 am and $1.25/hour
• thereafter. Only 2 doors to Metro A Line Station at Memorial Park Station.
• Freeway Adjacent – Traffic volume of over 22,398 cars per day in each direction. Easy
• access is 2 blocks from Rt-210/134 FWY On-Ramp with access to DTLA the San Gabriel
• and San Fernando Valleys.
• City Taxes – Businesses in Pasadena benefit from no city business, parking or
• utility tax.
• Affluent Demographics – with an average HHI of $170,210 in a 3-mile radius.

Location

Getting Around

• Walk Score ®

  97/100 Walker's Paradise

• Transit Score ®

  73/100 Excellent Transit

• Bike Score ®

  78/100 Very Bikeable

Points of Interest