NOT LISTED FOR SALE

414 N Marengo Ave Pasadena, CA 91101

Northwest Pasadena Neighborhood

Estimated Value: $1,869,629 - $2,068,000

9 Beds
7 Baths
5,008 Sq Ft
$393/Sq Ft Est. Value

Last Sold August 17, 2016

Last sale price $1,260,182 $252 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $12,164/month

4 Days on Market

About This Home

As of August 2016

We are proud to present the opportunity to purchase 7 rental units in northwest Pasadena, an area where rents are steadily on the rise. The property features five 1 bed + 1 bath and two 2 bed + 1 bath units. There are carports and garage parking and the buildings got new roofs last year. There is still plenty of value to add to this property, which will boost the income and value over time. PLEASE DO NOT PULL INTO DRIVEWAY OR TALK TO OR DISTURB LONG TERM TENANTS. DRIVE-BY ONLY.

Last Agent to Sell the Property

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 06/04/2016

Last Buyer's Agent

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 06/04/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,481

Year Built

  • Built in 1953

Lot Details

  • 9,947 Sq Ft Lot

Interior Spaces

  • 5,008 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 6 Car Garage
  • Carport

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5725-027-035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,481

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5008
  • Stories: 2
  • Year Built: 1953
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 249.60

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport, Garage
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 177583
  • Assessed Land Value: 124304
  • Assessor Parcel Number: 5725-027-035
  • Geocode Override: No
  • Lot Size Area: 9947

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.53
  • Number Of Units: 7
  • Total Annual Expense: 36403
  • Type Of Units: 1+1
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2025
Sold by
Arakaki Family Trust and Arakaki Craig J
Bought by
Marengo Rose Llc
Current Estimated Value
$1,968,815

Purchase Details

Listed on
Jun 4, 2016
Closed on
Jun 22, 2016
Sold by
Poore John Winston and Wendell Family Revocable Livin
Bought by
Piazza Place Llc
Seller's Agent
Alexander Metaxas
Realty Investment Advisors, Inc.
Buyer's Agent
Alexander Metaxas
Realty Investment Advisors, Inc.
List Price
$1,250,000
Sold Price
$1,260,182
Premium/Discount to List
$10,182
0.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.97%
Original Mortgage
$575,000
Interest Rate
3.42%
Mortgage Type
Commercial
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
Marengo Rose Llc -- None Listed On Document
Arakaki Family Trust -- None Listed On Document
Piazza Place Llc $1,260,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Piazza Place Llc $575,000
Previous Owner Piazza Place Llc $575,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2016 08/17/16 Sold $1,260,182 +0.8% $252 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
06/04/2016 06/04/16 For Sale $1,250,000 -- $250 / 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 $17,481 $1,469,495 $882,624 $586,871
2024 $17,481 $1,440,682 $865,318 $575,364
2023 $17,336 $1,412,434 $848,351 $564,083
2022 $16,688 $1,378,540 $831,717 $546,823
2021 $16,011 $1,351,510 $815,409 $536,101
2020 $15,398 $1,337,652 $807,048 $530,604
2019 $15,430 $1,311,424 $791,224 $520,200
2018 $15,612 $1,285,710 $775,710 $510,000
2016 $4,690 $306,490 $126,199 $180,291
2015 $4,633 $301,887 $124,304 $177,583
2014 $4,596 $295,975 $121,870 $174,105
Source: Public Records

Agents Affiliated with this Home

  • Alexander Metaxas

    Seller's Agent in 2016

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    1 in this area

    36 Total Sales

    Alexander Metaxas
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Map

Source: The MLS

MLS Number: 16-132002

The MLS

APN: 5725-027-035

California Los Angeles County Pasadena 91101 Northwest Pasadena

414 N Marengo Ave, Pasadena, CA

This home is located at 414 N Marengo Ave, Pasadena, CA 91101 since 04 June 2016 and is currently estimated at $1,968,815, approximately $393 per square foot. This property was built in 1953. 414 N Marengo Ave is a home located in Los Angeles County with nearby schools including Madison Elementary School, Octavia E. Butler Magnet, and John Muir High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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