NOT LISTED FOR SALE

583 N Marengo Ave Pasadena, CA 91101

Northwest Pasadena Neighborhood
16 Beds
10 Baths
7,566 Sq Ft
0.38 Acres

Last Sold October 31, 2014

Last sale price $1,600,000 $211 Per Sq Ft

166 Days on Market

Highlights

  • 16,649 Sq Ft lot
  • 2 Car Detached Garage
  • Laundry Room

About This Home

As of October 2014

Close to OLD TOWN, Up and Coming Area of Pasadena - SELLER FINANCING - Bring an Offer!! Cap Rate & GRM are based on Realistic Market Rents of $1350 for 2+1s and $1450 for 2+1.5 Townhouse units. This is a great opportunity to acquire an eight (8) unit apartment property with REALISTIC UPSIDE in a strong rental area of Pasadena. The property consists of ALL spacious 2 Bedroom Units. 4 units have 1 bathroom and 4 are two-story townhouse style units with 1.5 bathrooms. It is situated on a large 16,600 lot with enclosed garages in the back. All the units have Washer machine hookups in kitchen and separate water heaters for each unit. Located in a strong rental location, this property has a lot of upside and value-add potential, perfect for Seller Carry. Please call or email for more details.

Last Agent to Sell the Property

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 05/16/2014

Last Buyer's Agent

Soung Lee

California Mutual Realty License #00698945

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.38 Acre Lot

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 7,566 Sq Ft Home
  • 2-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5725-015-038

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Unknown
  • Street Number Display: Yes
  • Living Area: 7566
  • Stories: 2
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Common Walls: Attached
  • Laundry: Laundry Area, Room
  • Laundry Equipment: Lease
  • Total Bathrooms: 10.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 244.51

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Detached, Garage, Garage - 2 Car
  • Total Parking: 16

Utilities

  • Cooling: Wall/Window
  • Electric Expense: 2500.00
  • Heating: Wall
  • Water Expense: 2000.00

Fee Information

  • Gas Expense: 240.00
  • Insurance Expense: 3026.00
  • Maintenance Expense: 5538.00
  • Other Expense: 1000.00
  • Trash Expense: 3096.00

Lot Info

  • Assessed Improvement Value: 474082
  • Assessed Land Value: 264241
  • Assessor Parcel Number: 5725-015-038
  • Geocode Override: No
  • Lot Size Area: 16649

Rental Info

  • Total Actual Rent: 9200.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 13.76
  • Number Of Units: 8
  • Rent Control: 0%
  • Type Of Units: APT

Tax Info

  • Tax Expense: 22200.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2014 10/31/14 Sold $1,600,000 -23.6% $211 / Sq Ft
10/29/2014 10/29/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $2,095,000 -- $277 / 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 $24,188 $2,043,137 $1,322,031 $721,106
2024 $24,188 $2,003,076 $1,296,109 $706,967
2023 $23,988 $1,963,801 $1,270,696 $693,105
2022 $23,180 $1,925,296 $1,245,781 $679,515
2021 $22,232 $1,887,546 $1,221,354 $666,192
2019 $21,424 $1,831,563 $1,185,129 $646,434
2018 $21,673 $1,795,651 $1,161,892 $633,759
2016 $20,946 $1,725,925 $1,116,775 $609,150
2015 $22,413 $1,700,000 $1,100,000 $600,000
2014 $9,963 $741,674 $265,440 $476,234
Source: Public Records

Agents Affiliated with this Home

  • Alexander Metaxas

    Seller's Agent in 2014

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    1 in this area

    37 Total Sales

    Alexander Metaxas
    Section Image

  • S

    Buyer's Agent in 2014

    Soung Lee

    California Mutual Realty

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 14-761573

The MLS
California Los Angeles County Pasadena 91101 Northwest Pasadena

583 N Marengo Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes