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731 S Marengo Ave, Pasadena, CA 91106
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731 S Marengo Ave Pasadena, CA 91106

$2,157,000 Sold Price as of 10/10/2019
  • 8 Beds
  • 8 Baths
  • 5,949 Sq.Ft.
Sold
$2,157,000 Sold Price as of 10/10/2019 Refinance Your Mortgage
Map preview of 731 S Marengo Ave, Pasadena, CA 91106

Property Overview: 731 S Marengo Ave Pasadena, CA has 8 bedrooms, 8 bathrooms, 5,949 living square feet and 11,223 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime Pasadena multifamily INCOME or RM 32 DEVELOPMENT w/office overlay Opportunity! Fabulous location & great upside potential! Value add w/under market rents. 2 four plexes , 1 APN. Corner, 'street to alley'. Only 0.2 miles to Fillmore Gold Line Station. 1 mile to Old Town Pasadena's award winning dining, shopping & entertainment. 84 Walk score & close to 210, 134 and 110 to downtown Los Angeles. Built in 1953, 191 E Fillmore is a 4 Plex with 1+1 mix and 5 separate 1 car garages adjacent to alley & parking lot for retail at S. Arroyo Parkway. 731 S. Marengo is a Craftsman style SFR built in 1905, divided into 4 plex (Mix is 1+1) with a laundry room & full Basement w/ windows. Buyer to check TOD density bonus possibilities allowed under State regulations & Fair Oaks Specific Plan. Trust sale, no court confirmation. Buyer to cooperate with Seller's 1031 Exchange. 12 luxury townhome construction next door

Listed by Jennifer R. Maraia | BRE #01756097 | Keller Williams Realty Calabas
Co-listed by Robert Maraia | BRE #01990627 | Keller Williams Realty Calabas
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
11,223
HOA Dues
$0/mo
Year built
1953
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
19492928
City
Pasadena
County
Los Angeles
Time on Site
1393 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,630
  • Total Rent: $1,630
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,445
  • Total Rent: $1,445
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,115
  • Total Rent: $1,115
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,025
  • Total Rent: $1,025
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,115
  • Total Rent: $1,115
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.79%
  • Gross Rent Multiplier: 18.07
  • Gross Scheduled Income: --
  • Net Operating Income: $61,306
  • Gross Operating Income: $123,248
  • Improvements Total: $633,746
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 731 S Marengo Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community, Inside, See Remarks
Room Information
  • Basement
Kitchen Information
  • Has Appliances
  • Water Heater Central
Interior Features
  • High Ceilings
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Street
Lot Information
  • Lot Features: Lawn, Corner Lot, Walkstreet, Near Public Transit, Paved, Landscaped
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5720015005
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Amenities: Other
Location / Neighborhood
Location Information
  • Directions: Corner Fillmore & Marengo.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Pasadena Agent

Sale History for 731 S Marengo Ave

Last sold for $2,158,000 on October 10th, 2019

  • October, 2019

  • Oct 11, 2019

    Date

    Sold

    CRMLS: 19492928

    $2,157,000

    Price

  • Oct 2, 2019

    Date

    Pending

    CRMLS: 19492928

    $2,200,000

    Price

  • Aug 22, 2019

    Date

    Active Under Contract

    CRMLS: 19492928

    $2,200,000

    Price

  • Jul 26, 2019

    Date

    Active

    CRMLS: 19492928

    $2,200,000

    Price

  • October, 2019

  • Oct 10, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,158,000

    Price

  • August, 2015

  • Aug 28, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 731 S Marengo Ave

Assessed Value (2020): $2,158,021
Year Land Value Improved Value Assessed Value
2020 $1,258,000 $900,021 $2,158,021

Home Value Compared to the Market

This property vs the competition

731 S Marengo Ave sold on October 10, 2019 for 76% higher than the current median sold price for the city of Pasadena which is $1,250,000. The median sold price per/sqft for Pasadena is $763 and this home is sold at $369.81 per/sqft which puts the price per square foot 51.53% lower than the current median sale per square foot for the city of Pasadena.

About 731 S Marengo Ave

Detailed summary of property

731 S Marengo Ave is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 5,949 living square feet, and sits on an approximately 11,223 square foot lot. 731 S Marengo Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,157,000. 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 76% higher than the current median priced home. Local homes that are currently for sale include 1927 Johnston St, 221 S Avenue 19 and 1818 N Broadway. While the average home in Pasadena, CA is selling in 54 days, 731 S Marengo Ave has a days on market of 27 days. There are currently 263 homes for sale in the Pasadena real estate market and 160 of them are single family homes while 78 of them are condos and 25 are townhomes. For more information on this home for sale at 731 S Marengo Ave Pasadena, CA 91106 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 731 S Marengo Ave

Public county record property details
Beds
7
Baths
6
Year built
1953
Sq. Ft.
5,949
Lot Size
11,201
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5720-015-005

The source for these homes facts are from public records.

91106 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,350,000
Median List Price/Sq.Ft.
$777
Median Sold Price
$830,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
42
Median Sale to List Price %
89.73%
Avg Days on Market
28
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (27.27%)

Thinking of Selling?

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(714) 706-1823

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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.

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