1385 N Marengo Ave Pasadena, CA 91103
La Pintoresca Park NeighborhoodEstimated payment $16,028/month
Total Views
21,971
11
Beds
5
Baths
4,937
Sq Ft
$557
Price per Sq Ft
Highlights
- Property is near public transit
- No HOA
- Central Air
- John Muir High School Rated A-
- Laundry Room
- Family Room
About This Home
**RARE MULTI-FAMILY PROPERTY FOR SALE- ZONED RM-32 & IS SITUATED ON A LOT SIZE OF 13,020 SQFT ALLOWING FOR FUTURE DEVELOPMENT UP TO 10 UNIT***Attention investors and retirees! Don’t miss this rare opportunity to own a fully upgraded multi-family property in the heart of coveted Pasadena! This investment opportunity currently includes TWO SFR'S & 2 APARTMENTS ALL WITH THEIR WITH OWN PARKING! It’s ideally located near iconic landmarks like the Rose Bowl, Descanso Gardens, Arroyo Canyon trails, and Kidspace Children’s Museum. Upscale shopping, fine dining, and vibrant nightlife on Colorado Blvd are just 1.5 miles away too! The front building houses two spacious 1,036 sq ft apartments. Each features a modern kitchen with a sleek blue island, stone countertops, matching backsplash, and stainless steel appliances. The bathrooms have new white shower and floor tiles, updated vanities, and contemporary fixtures. The Newer flooring and fixtures add to the timeless aesthetics. Unit comes with designated parking spaces. This property also includes two standalone homes behind the apartment structures-A RARE FIND! The middle unit is an SFR, at 1,216 sq ft, offers three bedrooms, one full bathroom, and a private two-car garage. The rear unit (SFR), spanning 1,649 sq ft, includes four bedrooms, two bathrooms, and another private two-car garage. This is the largest and most private unit, boasting an upgraded kitchen and bathrooms showcasing modern tiles, new vanities, and updated fixtures. You’ll love the beautifully designed yard, enclosed with durable vinyl fencing... perfect for kids, pets, or family gatherings. Buyers will appreciate the poured concrete throughout the common areas and additional parking spaces, along with energy-efficient upgrades to ensure low utility costs. Live in any of the units and rent out the rest! Fully rented generates high annual income after reasonable expenses. This is a once-in-a-lifetime investment in a prime location. Don’t blink or you’ll miss it!
Listing Agent
K.W. EXECUTIVE Brokerage Phone: 626-271-0369 License #01852861 Listed on: 09/03/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,507
Year Built
- Built in 1980
Lot Details
- 0.3 Acre Lot
- Property is zoned PSR3
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,937 Sq Ft Home
- 2-Story Property
- Family Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Location
- Property is near public transit
- Urban Location
Additional Features
- Exterior Lighting
- Central Air
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 32
- Assessor Parcel Number 5729008014
- $1,244 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
Map
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Home Values in the Area
Average Home Value in this Area
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 | $16,507 | $1,417,518 | $765,550 | $651,968 |
| 2024 | $16,507 | $1,389,725 | $750,540 | $639,185 |
| 2023 | $15,118 | $1,252,476 | $735,824 | $516,652 |
| 2022 | $14,606 | $1,227,919 | $721,397 | $506,522 |
| 2021 | $13,912 | $1,203,843 | $707,252 | $496,591 |
| 2020 | $4,755 | $357,014 | $178,507 | $178,507 |
| 2019 | $4,762 | $350,014 | $175,007 | $175,007 |
| 2018 | $4,678 | $343,152 | $171,576 | $171,576 |
| 2016 | $4,472 | $329,828 | $164,914 | $164,914 |
| 2015 | $4,422 | $324,874 | $162,437 | $162,437 |
| 2014 | $4,360 | $318,512 | $159,256 | $159,256 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | Price Changed | $2,750,000 | +12.2% | $557 / Sq Ft |
| 09/03/2025 09/03/25 | For Sale | $2,450,000 | +104.2% | $496 / Sq Ft |
| 03/11/2020 03/11/20 | Sold | $1,200,000 | -4.0% | $277 / Sq Ft |
| 02/20/2020 02/20/20 | Pending | -- | -- | -- |
| 12/11/2019 12/11/19 | Price Changed | $1,250,000 | -3.8% | $288 / Sq Ft |
| 10/02/2019 10/02/19 | For Sale | $1,300,000 | -- | $300 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,191,500 | North American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Gift Deed | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $27,548 | FHA | |
| Open | $144,446 | Stand Alone Second | |
| Open | $1,169,918 | FHA | |
| Previous Owner | $136,000 | New Conventional | |
| Previous Owner | $172,500 | No Value Available |
Source: Public Records
About the Listing Agent
I'm an expert real estate agent with K.W. EXECUTIVE in ALHAMBRA, CA and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.
Mike's Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25197857
APN: 5729-008-014
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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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