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1441 N Marengo Ave Pasadena, CA 91103

$1,423,000 Sold Price as of 08/12/2020

8 Beds
4 Baths
-- Sq.Ft.

Sold

$1,423,000 Sold Price as of 08/12/2020 Refinance Your Mortgage

Map preview of 1441 N Marengo Ave, Pasadena, CA 91103

Property Overview: 1441 N Marengo Ave Pasadena, CA has 8 bedrooms, 4 bathrooms, -- living square feet and 10,074 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PASADENA Cool, sharp and well maintained Mid-Century 4-plex completely updated. Building in excellent condition with many improvements made in the last few years. Central Heat/AC! Newer electric and plumbing systems. All 2bed/1bath apartments have been renovated over the years and are charming. Included are 4 enclosed garage/storage spaces, and plenty more parking for a second car or friends when they come to visit. Nice tenants! New washer/dryer in laundry room for extra income. Rent roll at $7450/month with good upside. Large 10,018 sqft lot nicely landscaped and quiet. Great yard to relax or garden. Excellent investment property. Inside with accepted offer.

Listed by Jeffrey McManus | BRE #01872235 | Eric Winter

Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft: 10,074
HOA Dues: $0/mo
Year built: 1949
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20590464
City: Pasadena
County: Los Angeles
Time on Site: 1399 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $1,950

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $1,950

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,850
Total Rent: $1,850
Pro Forma/Market Rent: $1,850

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,700
Total Rent: $1,700
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 17.55
Gross Scheduled Income: --
Net Operating Income: $73,255
Gross Operating Income: $90,600

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1441 N Marengo Ave

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
Community

Kitchen Information

Has Appliances
Refrigerator

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Property Information

Has View
View: Canyon
Total # of Units: 4
Parcel Number: 5729007011
Architectural Style: Mid Century Modern
Property Condition: Updated/Remodeled

Location / Neighborhood

Location Information

Directions: North on Fair Oaks Blvd. East on Washington Blvd. North on Marengo Ave.

View more facts & features

Local Pasadena Agent

Sale History for 1441 N Marengo Ave

Last sold for $1,423,000 on August 12th, 2020

August, 2020
Aug 23, 2020

Date

Sold

CRMLS: 20590464

$1,423,000

Price
Jul 14, 2020

Date

Pending

CRMLS: 20590464

$1,495,000

Price
Jul 7, 2020

Date

Active

CRMLS: 20590464

$1,495,000

Price
Jun 25, 2020

Date

Pending

CRMLS: 20590464

$1,495,000

Price
Jun 13, 2020

Date

Active

CRMLS: 20590464

$1,495,000

Price
August, 2020
Aug 12, 2020

Date

Sold (Public Records)

Public Records

$1,423,000

Price
June, 2020
Jun 7, 2020

Date

Expired

CRMLS: 20560916

$1,495,000

Price
Mar 22, 2020

Date

Withdrawn

CRMLS: 20560916

$1,495,000

Price
Mar 11, 2020

Date

Price Change

CRMLS: 20560916

$1,495,000

Price
Mar 5, 2020

Date

Active

CRMLS: 20560916

$1,590,000

Price
Listing provided courtesy of CRMLS
July, 2019
Jul 5, 2019

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1441 N Marengo Ave

Assessed Value (2020): $761,451

Year	Land Value	Improved Value	Assessed Value
2020	$468,586	$292,865	$761,451

Home Value Compared to the Market

This property vs the competition

1441 N Marengo Ave sold on August 12, 2020 for 19.6% higher than the current median sold price for the city of Pasadena which is $1,250,000.

About 1441 N Marengo Ave

Detailed summary of property

1441 N Marengo Ave is a multi family that recently sold in Pasadena, CA 91103. This multi family property offered 8 bedrooms, 4 bathrooms, roughly -- living square feet, and sits on an approximately 10,074 square foot lot. 1441 N Marengo Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,423,000. Home in Pasadena are selling for a median price of $1,250,000 and a median price per square foot of $763. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 19.6% higher than the current median priced home. Local homes that are currently for sale include 5231 Loleta Ave, 508 Chestnut Ave and 1461 Hepner Ave. While the average home in Pasadena, CA is selling in 51 days, 1441 N Marengo Ave has a days on market of 19 days. There are currently 278 homes for sale in the Pasadena real estate market and 169 of them are single family homes while 83 of them are condos and 26 are townhomes. For more information on this home for sale at 1441 N Marengo Ave Pasadena, CA 91103 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1441 N Marengo Ave

Public county record property details

Beds: 8
Baths: 4
Year built: 1949
Sq. Ft.: 3,096
Lot Size: 10,073
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 34
APN: 5729-007-011

The source for these homes facts are from public records.

91103 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,049,000

Median List Price/Sq.Ft.

$784

Median Sold Price

$1,129,000

Median Sold Price/Sq.Ft.

$776

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (26.67%), FHA (0%), VA (0%), Cash (33.33%), Other (26.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.