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Lighthouse Group’s 51-Unit Historic 1924 Pasadena Apartment Building Hits Market for $16.6MM

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image of old Pasadena building
Photo by Oxana Melis on Unsplash
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By Rhiannon Saegert  The Lighthouse Group is selling a historic 51-unit apartment building in downtown Pasadena for $16,575,000, or roughly $325,000 per unit.  Originally built in 1924, the 28,632-square-foot property at 189 N. Marengo Ave. is comprised of 39 studio apartments, eight one-bedroom units, three larger one-bedroom units and a single two-bedroom, two-bathroom unit according […]

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