Seller's Agent in 2014
Alexander Metaxas
Realty Investment Advisors, Inc.
(626) 487-4300
1 in this area
38 Total Sales
583 N Marengo Ave Pasadena, CA 91101
Northwest Pasadena Neighborhood
16
Beds
10
Baths
7,566
Sq Ft
0.38
Acre Lot
Highlights
- 16,649 Sq Ft lot
- 2 Car Detached Garage
- Laundry Room
About This Home
As of October 2014Close 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
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
- 16,649 Sq Ft 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 16, 2014
Closed on
Oct 15, 2014
Sold by
Bought by
Seller's Agent
Alexander Metaxas
Realty Investment Advisors, Inc.
Buyer's Agent
Soung Lee
California Mutual Realty
List Price
$2,095,000
Sold Price
$1,600,000
Premium/Discount to List
-$495,000
-23.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
0.042%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 12, 2008
Sold by
Bought by
Purchase Details
Closed on
Aug 31, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,700,000 | Fidelity National Title Co | ||
| -- | None Available | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,350,000 | ||
| Closed | $440,000 | ||
| Open | $2,600,000 | ||
| Closed | $1,120,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $25,367 | $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
-
S
Buyer's Agent in 2014
Soung Lee
California Mutual Realty
Map
Source: The MLS
MLS Number: 14-761573
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© 2026 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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