NOT LISTED FOR SALE

1310 N Marengo Ave Pasadena, CA 91103

Orange Heights Neighborhood

Estimated Value: $1,043,000 - $1,101,000

3 Beds
3 Baths
1,615 Sq Ft
$668/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $935,000 $579 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,854/month

10 Days on Market

Highlights

  • Balcony
  • Double Pane Windows
  • Attached Carport
  • John Muir High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Carpet

About This Home

As of March 2022

Attractive triplex in the Garfield Heights Landmark District neighborhood of Pasadena available for the first time in 30 years. Fresh exterior upgrades feature elegant and complementary paint design, several new double pane, low-E vinyl windows, new iron balcony railing and rain gutters, decorative exterior sconces, and redwood fencing. Onsite parking has 4 carport spaces with storage cabinets in the rear. Full occupancy with 2 units on month-to-month leases (and the other unit's lease expires later this year). The opportunity to upgrade the interiors makes this property a desirable value-add investment opportunity for the savvy investor. Conveniently located near a growing number of highly-regarded food and coffee spots on and near Washington, Lake and Hill (Lavender & Honey Espresso Bar, Millie's Cafe, Seed Bakery, Roma Market to name a few) and less than 2 miles to Old Town Pasadena.

Last Agent to Sell the Property

Akram Awad

Hobson Court Realty License #01440730 Listed on: 02/17/2022

Last Buyer's Agent

Eric Marovich

Marovish Properties License #01295551

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,314

Year Built

  • Built in 1959

Lot Details

  • 5,183 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Property Attached

Interior Spaces

  • 1,615 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • Attached Carport
  • Parking Available
  • Driveway

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5729024007

Community Details

Overview

  • 3 Units
  • Not Applicable 105 Subdivision

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,314

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 295000
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable-105
  • Zoning: PSR1
  • Property Type: Residential Income
  • Parcel Number: 5729024007
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 578.95
  • Window Features: Double Pane Windows

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Attached Carport

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5183.00
  • Lot Size Acres: 0.1100

Multi Family

  • Lot Size Area: 5183.0000 Square Feet
  • Number Of Units Leased: 3
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 4, 2022
Sold by
Frazier Family Trust
Bought by
2421 Bayshore Llc
Seller's Agent
Akram Awad
Hobson Court Realty
Buyer's Agent
Eric Marovich
Marovish Properties
List Price
$885,000
Sold Price
$935,000
Premium/Discount to List
$50,000
5.65%
Current Estimated Value
$1,079,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,600
Avg. Annual Appreciation
4.29%
Original Mortgage
$600,000
Outstanding Balance
$562,595
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$517,005

Purchase Details

Closed on
May 2, 2013
Sold by
Frazier Kevin G and Frazier Marie E
Bought by
Frazier Kevin G and Frazier Marie E

Purchase Details

Closed on
Mar 25, 1994
Sold by
Frazier Kevin G
Bought by
Frazier Kevin G and Frazier Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.1%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2421 Bayshore Llc $935,000 Chicago Title
Frazier Kevin G -- None Available
Frazier Kevin G -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2421 Bayshore Llc $322,000
Open 2421 Bayshore Llc $600,000
Previous Owner Frazier Kevin G $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $935,000 +5.6% $579 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $885,000 -- $548 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,314 $992,228 $744,967 $247,261
2024 $11,314 $972,773 $730,360 $242,413
2023 $11,219 $953,700 $716,040 $237,660
2022 $3,056 $234,013 $107,471 $126,542
2021 $2,932 $229,425 $105,364 $124,061
2019 $2,831 $222,622 $102,240 $120,382
2018 $2,829 $218,258 $100,236 $118,022
2016 $2,714 $209,785 $96,345 $113,440
2015 $2,684 $206,635 $94,898 $111,737
2014 $2,643 $202,589 $93,040 $109,549
Source: Public Records

Agents Affiliated with this Home

  • Akram Awad

    Seller's Agent in 2022

    Akram Awad

    Hobson Court Realty

    (818) 241-7770

    1 in this area

    7 Total Sales

    Section Image
  • Eric Marovich

    Buyer's Agent in 2022

    Eric Marovich

    Marovish Properties

    (808) 855-0776

    1 in this area

    28 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320009338

California Regional Multiple Listing Service (CRMLS)

APN: 5729-024-007

California Los Angeles County Pasadena 91103 Orange Heights

1310 N Marengo Ave, Pasadena, CA

This home is located at 1310 N Marengo Ave, Pasadena, CA 91103 since 17 February 2022 and is currently estimated at $1,079,600, approximately $668 per square foot. This property was built in 1959. 1310 N Marengo Ave is a home located in Los Angeles County with nearby schools including Washington Elementary STEM Magnet, Octavia E. Butler Magnet, and John Muir High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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