NOT LISTED FOR SALE

2948 N Marengo Ave Altadena, CA 91001

Estimated Value: $905,000 - $1,711,692

4 Beds
3 Baths
2,166 Sq Ft
$610/Sq Ft Est. Value

Last Sold February 24, 2022

Last sale price $1,310,000 $605 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,347/month

7 Days on Market

Highlights

  • 0.46 Acre Lot
  • Wood Flooring
  • Sun or Florida Room
  • John Muir High School Rated A-
  • Bonus Room
  • Den

About This Home

As of February 2022

Situated within the foothills of the San Gabriel Mountains, this two unit income property is awaiting your vision to maximize its potential. There are two detached homes and two detached garages on an approximately 20,121 sq. ft lot. The front unit (approx. 1,301 sq. ft) consists of two bedrooms & one and one-half bathrooms with a bonus room that could be used as a third bedroom and the rear unit (approx. 864 sq. ft) consists of two bedrooms & one bathroom. The vastness of the lot presents diverse possibilities to make it your own spectacular investment property. Location, Location, Location! The property address is less than three miles from I-210 which gives you easy access to Arcadia, Burbank, Glendale, and Downtown Los Angeles. Short commute to beautiful neighboring cities like La Canada Flintridge and Pasadena. Being at the foot of the Angeles National Forest, you can enjoy many of the hiking trailheads to satisfy your adventurous side. Delight in the scenery of Christmas Tree Lane on your way to support small businesses (shopping, dining, entertainment, etc.) from the array of options that Fair Oaks Ave. and Lake Ave. has to offer. This property is an excellent addition to any portfolio!

Last Agent to Sell the Property

Japeth Carter

Coldwell Banker Realty License #01976951 Listed on: 01/19/2022

Last Buyer's Agent

Jennifer Grassi

License #01493356

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,130

Year Built

  • Built in 1949

Lot Details

  • 0.46 Acre Lot
  • Back and Front Yard
  • Property is zoned LCR175

Parking

  • 2 Car Detached Garage
  • 4 Open Parking Spaces
  • Circular Driveway
  • Guest Parking
  • On-Street Parking

Home Design

  • Fixer Upper

Interior Spaces

  • 2,166 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Family Room with Fireplace
  • Dining Area
  • Den
  • Bonus Room
  • Workshop
  • Sun or Florida Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5841-019-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,130

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Situated within the foothills of the San Gabriel Mountains, this two unit income property is awaiting your vision to maximize its' potential. There are two detached homes and two detached garages on an approximately 20,121 sq. ft lot. The front unit (approx. 1,301 sq. ft) consists of two bedrooms & one and one-half bathrooms with a bonus room that could be used as a third bedroom and the rear unit (approx. 864 sq. ft) consists of two bedrooms & one bathroom. The vastness of the lot presents diverse possibilities to make it your own spectacular investment property. The property address is less than three miles from I-210 which gives you easy access to Arcadia, Burbank, Glendale, and Downtown Los Angeles. Short commute to beautiful neighboring cities like La Canada Flintridge and Pasadena. This property is an excellent addition to any portfolio!
  • Living Area: 2166
  • Lot Acreage: 0.4619
  • Probate: No
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1949
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-Ins
  • Fireplace Rooms: Family Room
  • Flooring: Hardwood, Tile
  • Appliances: Cooktop - Gas
  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower and Tub
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Ceiling Fan, Dishwasher, Refrigerator, Range/Oven, Washer, Dryer
  • Price Per S Q F T: 553.09

Exterior Features

  • Other Features: Two On A Lot
  • Other Structures: Other
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 4
  • Garage Structures: 2
  • Parking Garage: Circular Driveway, Detached, Driveway, Garage, Parking for Guests - Onsite, On street
  • Total Parking: 6

Utilities

  • Cooling: Ceiling Fan
  • Heating: Fireplace, Wall Gas

Lot Info

  • Assessed Improvement Percent: 31.00
  • Assessed Improvement Value: 107470
  • Assessed Land Percent: 69
  • Assessed Land Value: 239233
  • Total Assessed Value: 346703
  • Assessor Parcel Number: 5841-019-006
  • Lot Description: Back Yard, Front Yard
  • Lot Size Area: 20121

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: SFR
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2023
Sold by
Martin Cheyenne and Martin Sean
Bought by
2954 Marengo Llc
Current Estimated Value
$1,320,897

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 22, 2022
Sold by
Lawrence And Bernadette Glover Trust
Bought by
Martin Cheyenne and Martin Sean
Seller's Agent
Japeth Carter
Coldwell Banker Realty
Buyer's Agent
Jennifer Grassi
List Price
$1,198,000
Sold Price
$1,310,000
Premium/Discount to List
$112,000
9.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.23%
Original Mortgage
$917,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2019
Sold by
Glover Lawrence C and Glover Bernadette A
Bought by
Glover Lawrence C and Glover Bernadette A

Purchase Details

Closed on
Jun 18, 2002
Sold by
Glover Lawrence C
Bought by
Glover Lawrence C and Glover Bernadette A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
6.86%

Purchase Details

Closed on
Sep 15, 1999
Sold by
Glover Bernadette Annmarie
Bought by
Glover Lawrence C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.35%

Purchase Details

Closed on
Aug 3, 1999
Sold by
Glover L C
Bought by
Glover Lawrence C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.35%
Source: Public Records

Range of Values:

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Average Value
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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
2954 Marengo Llc -- None Listed On Document
Martin Cheyenne $1,310,000 Equity Title
Glover Lawrence C -- None Available
Glover Lawrence C -- Southland Title Corporation
Glover Lawrence C -- United Title Company
Glover Lawrence C -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Cheyenne $917,000
Previous Owner Glover Lawrence C $227,500
Previous Owner Glover Lawrence C $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2022 02/24/22 Sold $1,310,000 +9.3% $605 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $1,198,000 -- $553 / Sq Ft
Source: The MLS

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 $16,130 $620,807 $620,807 --
2024 $16,130 $1,362,924 $936,360 $426,564
2023 $15,900 $1,336,200 $918,000 $418,200
2022 $4,934 $353,636 $244,017 $109,619
2021 $4,634 $346,703 $239,233 $107,470
2020 $4,475 $343,149 $236,780 $106,369
2019 $4,478 $336,422 $232,138 $104,284
2018 $4,354 $329,827 $227,587 $102,240
2016 $4,207 $317,021 $218,750 $98,271
2015 $4,163 $312,260 $215,465 $96,795
2014 $4,101 $306,144 $211,245 $94,899
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Japeth Carter

    Coldwell Banker Realty

  • J

    Buyer's Agent in 2022

    Jennifer Grassi

See All Agents

Map

Source: The MLS

MLS Number: 22-117517

The MLS

APN: 5841-019-006

California Los Angeles County Altadena 91001

2948 N Marengo Ave, Altadena, CA

This home is located at 2948 N Marengo Ave, Altadena, CA 91001 since 19 January 2022 and is currently estimated at $1,320,897, approximately $609 per square foot. This property was built in 1949. 2948 N Marengo Ave is a home located in Los Angeles County with nearby schools including Altadena Arts Magnet Elementary, Charles W. Eliot Arts Magnet Academy, and John Muir High School.

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