NOT LISTED FOR SALE

608 N Marengo Ave Pasadena, CA 91101

Northwest Pasadena Neighborhood

Estimated Value: $2,083,000 - $2,504,637

8 Beds
7 Baths
4,226 Sq Ft
$543/Sq Ft Est. Value

Last Sold October 03, 2013

Last sale price $1,266,000 $300 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $13,628/month

12 Days on Market

About This Home

As of October 2013

This income property is centrally located in Pasadena, only minutes from Old Down Pasadena. This apartment building has 7 units and some of the units have been upgraded with granite counter tops and hard wood floors. It also has a community laundry room located on the property.

Last Agent to Sell the Property

Steve Kwon

Keller Williams Realty License #01453193 Listed on: 07/29/2013

Keller Williams Realty

Last Buyer's Agent

Connie Zhou

RE/MAX PREMIER/ARCADIA License #01889302

RE/MAX PREMIER/ARCADIA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 9,999 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 2 Car Garage

Home Design

  • 4,226 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 5725018027

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,753
  • Furniture Replacement Expense $1,085
  • Gardener Expense $988
  • Insurance Expense $2,939
  • Maintenance Expense $5,971
  • Professional Management Expense $1,353
  • Trash Expense $1,392
  • Water Sewer Expense $1
  • New Taxes Expense $16,000
  • Gross Income $8,075
  • Net Operating Income $64,372

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

9,999 Sq Ft Lot

Parking

2

Listing Details

  • Professional Management Expense: 1353.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Property Type: Residential Income
  • Gardener Expense: 988.00
  • Parcel Number: 5725018027
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 299.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1392.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 9999.00
  • Lot Size Acres: 0.2300

Multi Family

  • Electric Expense: 2753.00
  • Furniture Replacement Expense: 1085.00
  • Gross Income: 8075.00
  • Gross Scheduled Income: 98100.00
  • Insurance Expense: 2939.00
  • Lot Size Area: 9999.0000 Square Feet
  • Maintenance Expense: 5971.00
  • Net Operating Income: 64372.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 33727.00
  • Rent Control: No
  • Total Actual Rent: 8075.00

Tax Info

  • New Taxes Expense: 16000.00
  • Tax Lot: 20
  • Tax Tract Number: 00000
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2013
Closed on
Sep 26, 2013
Sold by
Lai Amy and Amy Lai Revocable Trust
Bought by
Xiao Huili
Seller's Agent
Steve Kwon
Keller Williams Realty
Buyer's Agent
Connie Zhou
RE/MAX PREMIER/ARCADIA
List Price
$1,278,000
Sold Price
$1,266,000
Premium/Discount to List
-$12,000
-0.94%
Current Estimated Value
$2,293,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,027,819
Avg. Annual Appreciation
4.88%
Original Mortgage
$711,000
Outstanding Balance
$533,431
Interest Rate
4.46%
Mortgage Type
Commercial
Estimated Equity
$1,760,388

Purchase Details

Listed on
Jul 29, 2013
Closed on
Aug 13, 2013
Sold by
Deng Jianming
Bought by
Xiao Huili
Seller's Agent
Steve Kwon
Keller Williams Realty
Buyer's Agent
Connie Zhou
RE/MAX PREMIER/ARCADIA
List Price
$1,278,000
Sold Price
$1,266,000
Premium/Discount to List
-$12,000
-0.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$711,000
Outstanding Balance
$533,431
Interest Rate
4.46%
Mortgage Type
Commercial
Estimated Equity
$1,760,388

Purchase Details

Closed on
Mar 21, 2011
Sold by
Blen/Khek Llc
Bought by
Lai Amy and Amy Lai Revocable Trust

Purchase Details

Closed on
Apr 18, 2008
Sold by
Bienstock Sabrina and Khek Cindy
Bought by
Bien/Kehk Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2008
Sold by
Llamas Jose Luis and Llamas Angelica
Bought by
Bienstock Sabrina and Khek Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2007
Sold by
Khek Kosal
Bought by
Khek Cindy

Purchase Details

Closed on
Mar 6, 2006
Sold by
Fonseca Jorge I and Fonseca Blanca A
Bought by
Llamas Jose Luis and Llamas Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
6.56%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2001
Sold by
Hillside Tabernacle Church Of God In Chr
Bought by
Fonseca Jorge I and Fonseca Blanca A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
7.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 1994
Sold by
Scolinos Harry F
Bought by
Hillside Tabernacle Church Of God In Chr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Xiao Huili $1,266,000 Fidelity National Title Co
Xiao Huili -- Fidelity National Title Co
Lai Amy $1,000,000 North American Title Company
Bien/Kehk Llc -- None Available
Bienstock Sabrina $1,115,000 Southland Title
Khek Cindy -- Southland Title
Llamas Jose Luis $1,000,000 North American Title
Fonseca Jorge I $320,000 Fidelity National Title
Hillside Tabernacle Church Of God In Chr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xiao Huili $711,000
Previous Owner Xiao Huili $711,000
Previous Owner Bienstock Sabrina $700,000
Previous Owner Llamas Jose Luis $635,000
Previous Owner Fonseca Jorge I $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2013 10/03/13 Sold $1,266,000 -0.9% $300 / Sq Ft
08/10/2013 08/10/13 Pending -- -- --
07/29/2013 07/29/13 For Sale $1,278,000 -- $302 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,739 $1,551,931 $1,152,307 $399,624
2024 $18,739 $1,521,502 $1,129,713 $391,789
2023 $18,586 $1,491,669 $1,107,562 $384,107
2022 $17,975 $1,462,422 $1,085,846 $376,576
2021 $17,267 $1,433,748 $1,064,555 $369,193
2019 $16,644 $1,391,225 $1,032,981 $358,244
2018 $16,896 $1,363,947 $1,012,727 $351,220
2017 $16,704 $1,337,204 $992,870 $344,334
2016 $16,343 $1,310,985 $973,402 $337,583
2015 $16,157 $1,291,294 $958,781 $332,513
2014 $15,853 $1,266,000 $940,000 $326,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Steve Kwon

    Keller Williams Realty

    (626) 204-3300

    3 Total Sales

    Steve Kwon
    Section Image
  • Connie Zhou

    Buyer's Agent in 2013

    Connie Zhou

    RE/MAX

    (626) 203-6803

    30 Total Sales

    Connie Zhou
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13150145

California Regional Multiple Listing Service (CRMLS)

APN: 5725-018-027

California Los Angeles County Pasadena 91101 Northwest Pasadena

608 N Marengo Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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