Tracy Macrum
COMPASS
(213) 267-3143
25 Total Sales
1 in Madison Heights
$785,000 Price
642 S Marengo Ave Pasadena, CA 91106
Madison Heights NeighborhoodEstimated Value: $4,455,629
2
Beds
1
Bath
4,620
Sq Ft
$964/Sq Ft
Est. Value
About This Home
As of March 2017Bridge Investment Group is pleased to present an opportunity to purchase a 7-unit, bungalow-style apartment complex in a prime Pasadena location. 642 S. Marengo is situated in the Madison Heights are of Pasadena, just one block from the Filmore Station Metro Gold Line, and just three blocks from Old Pasadena.
Dubbed “Cottage Court”, the subject property was added to the National Register of Historic Places on July 11, 1983. Built in 1923, it consists of seven 2-bed/1-bath detached bungalow apartments surrounding a narrow courtyard. The apartment homes were designed in the Colonial Revival Style featuring gable roofs with wide eaves and recessed porches with supporting columns. There are a total 15 parking spaces: 5 carports, 9 open spaces, and 1 handicap space.
Last Agent to Sell the Property
Keller Williams Realty/Pasadena License #00925595 Listed on: 01/09/2017
Last Buyer's Agent
Juliet Yang
KINGSTON REALTY License #01107369
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 18,887 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 4,620 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 9 Open Parking Spaces
- 14 Parking Spaces
- 5 Carport Spaces
Listing and Financial Details
- Tax Lot 021
- Tax Tract Number 27
- Assessor Parcel Number 5720027021
Community Details
Overview
- 7 Buildings
- 7 Units
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Gardener Expense $1,800
- Insurance Expense $2,667
- Maintenance Expense $16,608
- Other Expense $7,485
- Trash Expense $2,100
- New Taxes Expense $35,965
- Operating Expense $66,625
- Gross Income $201,372
- Net Operating Income $134,747
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
Closed on
Sep 19, 2019
Sold by
Morengo Cottage Llc
Bought by
Current Estimated Value
Purchase Details
Listed on
Jan 9, 2017
Closed on
Mar 10, 2017
Sold by
Hui Koon Y
Bought by
Marengo Cottage Llc
Seller's Agent
Kevin Lutz
Keller Williams Realty/Pasadena
Buyer's Agent
Juliet Yang
KINGSTON REALTY
List Price
$3,200,000
Sold Price
$3,100,000
Premium/Discount to List
-$100,000
-3.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.86%
Purchase Details
Listed on
Jan 9, 2017
Closed on
Jan 31, 2017
Sold by
Marengo Trio Llc
Bought by
Hui Koon Y and Luong Linda
Seller's Agent
Kevin Lutz
Keller Williams Realty/Pasadena
Buyer's Agent
Juliet Yang
KINGSTON REALTY
List Price
$3,200,000
Sold Price
$3,100,000
Premium/Discount to List
-$100,000
-3.12%
Purchase Details
Closed on
Sep 21, 2015
Sold by
Jewish Family Service Of Los Angeles
Bought by
Marengo Trio Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,550,000
Interest Rate
3.73%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 29, 2012
Sold by
Jewish Family Service Of Los Angeles
Bought by
Jewish Family Service Of Los Angeles
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.63%
Mortgage Type
Credit Line Revolving
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Madison Heights, CA
-
Tracy Macrum
-
Leslie Cross
Leslie Cross
Townsquare Real Estate Partners Inc.
(626) 657-2932
29 Total Sales
3 in Madison Heights
$489K - $750K Price Range
-
Mulyani Ang
Mulyani Ang
The One Luxury Properties
(626) 382-2840
30 Total Sales
1 in Madison Heights
$1,250,000 Price
-
Maria Gomez
Maria Gomez
Coldwell Banker Realty
(424) 414-0787
29 Total Sales
1 in Madison Heights
$1,150,000 Price
-
Vickie Burgess
Vickie Burgess
Realsmart Properties
(650) 744-3694
115 Total Sales
1 in Madison Heights
$1,455,000 Price
-
Crosby Doe
Crosby Doe
Crosby Doe Associates, Inc.
(424) 541-1360
32 Total Sales
1 in Madison Heights
$1,675,000 Price
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 |
|---|---|---|---|
| -- | None Available | ||
| Hui Koon Y | -- | None Available | |
| Marengo Cottage Llc | -- | None Available | |
| Marengo Cottage Llc | -- | None Available | |
| Hui Koon Y | $3,100,000 | North American Title | |
| Marengo Trio Llc | $4,250,000 | Chicago Title | |
| Jewish Family Service Of Los Angeles | -- | 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 |
|---|---|---|---|
| Previous Owner | $2,550,000 | ||
| Previous Owner | Jewish Family Service Of Los Angeles | $2,000,000 |
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 |
|---|---|---|---|---|
| 03/01/2017 03/01/17 | Sold | $3,100,000 | -3.1% | $671 / Sq Ft |
| 01/27/2017 01/27/17 | Pending | -- | -- | -- |
| 01/09/2017 01/09/17 | For Sale | $3,200,000 | -- | $693 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2026 | $42,547 | $3,669,765 | $2,568,838 | $1,100,927 |
| 2025 | $42,547 | $3,597,810 | $2,518,469 | $1,079,341 |
| 2024 | $40,687 | $3,527,266 | $2,469,088 | $1,058,178 |
| 2023 | $40,342 | $3,458,105 | $2,420,675 | $1,037,430 |
| 2022 | $38,941 | $3,390,300 | $2,373,211 | $1,017,089 |
| 2021 | $37,237 | $3,323,825 | $2,326,678 | $997,147 |
| 2020 | $35,742 | $3,289,744 | $2,302,821 | $986,923 |
| 2019 | $35,842 | $3,225,240 | $2,257,668 | $967,572 |
| 2018 | $36,411 | $3,162,000 | $2,213,400 | $948,600 |
| 2016 | $20,330 | $1,700,000 | $1,190,000 | $510,000 |
| 2015 | $1,285 | $1,305,853 | $913,564 | $392,289 |
| 2014 | $1,298 | $1,280,274 | $895,669 | $384,605 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Lutz
Seller's Agent in 2017
Kevin Lutz
Keller Williams Realty/Pasadena
(626) 429-0685
2 in this area
22 Total Sales
-
JY
Buyer's Agent in 2017
Juliet Yang
KINGSTON REALTY
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS17005267
APN: 5720-027-021
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 multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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