NOT LISTED FOR SALE

672 S Marengo Ave Pasadena, CA 91106

Madison Heights Neighborhood

Estimated Value: $1,969,000 - $2,771,613

4 Beds
2 Baths
-- Sq Ft
8,445 Sq Ft Lot

Last Sold September 22, 2016

Last sale price $1,575,000

Est. 49% increase in value since last sale

Current estimated payment $14,378/month

40 Days on Market

Highlights

  • Dual Staircase
  • 5-minute walk to Fillmore Station
  • French Mullion Window
  • Mountain View
  • Wood Flooring
  • Built-In Features

About This Home

As of September 2016

Built in 1936, this stunning Spanish Colonial upper-lower duplex in desirable Madison Heights boasts spacious 2+1 units that have been handsomely renovated, and feature new kitchens, bathrooms, & wood floors while still retaining period charm. Fireplaces & built-in bookcases accent the spacious living rooms, while the fully-updated kitchens include new shaker-style cabinets, quartz counters, stainless appliances, & tile floors. All bedrooms feature walk-in closets, and there are laundry rooms with washer & dryer hookups in each unit. The oversized lot features mature trees & ample outdoor space, including a covered balcony for the upper unit, and a fenced yard with private patio for the lower unit. The gated driveway leads to a 3-car garage & additional off-street parking, and central heat & a/c ensure year-round comfort. With the shops & restaurants of the Arroyo Parkway & Old Town just blocks away, the location could not be more convenient! The upper unit will be delivered vacant, making this a great owner-user opportunity, and, with 660 Marengo Ave also for sale, it'll be worth checking with the city regarding future development potential too. You truly can have it all!

Last Agent to Sell the Property

David Knight

Keller Williams Realty License #01829234 Listed on: 07/15/2016

Keller Williams Realty

Co-Listed By

Jeffrey Vanderpool

Keller Williams Realty License #01951434

Last Buyer's Agent

Deb Ivone

California R.E.Services License #01015138

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936 | Remodeled

Lot Details

  • 8,445 Sq Ft Lot
  • No Common Walls
  • Fenced

Parking

  • 3 Car Garage
  • Parking Available
  • Three Garage Doors
  • Auto Driveway Gate

Home Design

  • Frame Construction
  • Stucco

Interior Spaces

  • 2-Story Property
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • Recessed Lighting
  • Wood Burning Fireplace
  • Gas Fireplace
  • French Mullion Window
  • Entryway
  • Living Room with Fireplace
  • Living Room Balcony
  • Mountain Views
  • Basement

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • Assessor Parcel Number 5720027016

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1936 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Security: Automatic Gate
  • View: Yes
  • Zoning: PSR*
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5720027016
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Recessed Lighting, Living Room Balcony, Crown Molding, Built-in Features
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Gas, Wood Burning, Living Room
  • Levels: Two
  • Price Per Square Foot: 627.74
  • Room Type: Basement, Living Room, Entry
  • Window Features: French/Mullioned

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Three Door, Auto Driveway Gate
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Range, Disposal, Gas Water Heater, Gas Range, Vented Exhaust Fan
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8445.00
  • Lot Size Acres: 0.1939

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity

Multi Family

  • Average2 Bed Area: 1345 Square Feet
  • Lot Size Area: 8445.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2024
Sold by
George Dunaians and Flora Jane
Bought by
Miller Christine Fern
Current Estimated Value
$2,343,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$982,915
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$1,360,488

Purchase Details

Closed on
May 6, 2024
Sold by
Dunaians George and Dunaians Flora
Bought by
Miller Christine Fern

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$982,915
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$1,360,488

Purchase Details

Closed on
Dec 17, 2019
Sold by
Mikado Properties
Bought by
The Mikado Ahb Living Trust

Purchase Details

Closed on
Sep 14, 2018
Sold by
Bauer Adam Herman
Bought by
Mikado Properties

Purchase Details

Listed on
Jul 15, 2016
Closed on
Jul 29, 2016
Sold by
Marengo Trio Llc
Bought by
Bauer Adam Herman and Bauer Adam H
Seller's Agent
David Knight
Keller Williams Realty
Buyer's Agent
Deb Ivone
California R.E.Services
List Price
$1,688,000
Sold Price
$1,575,000
Premium/Discount to List
-$113,000
-6.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.38%
Original Mortgage
$1,417,500
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

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
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
Miller Christine Fern $2,207,000 California Title Company
Miller Christine Fern $2,207,000 California Title Company
The Mikado Ahb Living Trust -- None Available
Mikado Properties -- None Available
Bauer Adam Herman $1,575,000 North American Title
Marengo Trio Llc $4,250,000 Chicago Title
Jewish Family Service Of Los Angeles -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Christine Fern $1,000,000
Closed Miller Christine Fern $1,000,000
Previous Owner Bauer Adam Herman $1,417,500
Previous Owner Marengo Trio Llc $2,550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2016 09/22/16 Sold $1,575,000 -6.7% --
08/24/2016 08/24/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $1,688,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $25,196 $1,931,633 $1,390,265 $541,368
2024 $25,196 $2,236,860 $1,300,500 $936,360
2023 $24,987 $2,193,000 $1,275,000 $918,000
2022 $19,379 $1,722,489 $1,203,009 $519,480
2021 $18,584 $1,688,716 $1,179,421 $509,295
2020 $17,828 $1,671,401 $1,167,328 $504,073
2019 $17,878 $1,638,630 $1,144,440 $494,190
2018 $18,203 $1,606,500 $1,122,000 $484,500
2017 $18,009 $1,575,000 $1,100,000 $475,000
2016 $13,874 $1,200,000 $1,080,000 $120,000
2015 $439 $722,749 $245,180 $477,569
2014 $454 $708,593 $240,378 $468,215
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    David Knight

    Keller Williams Realty

    (626) 657-0359

    7 in this area

    358 Total Sales

    David Knight
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Jeffrey Vanderpool

    Keller Williams Realty

  • D

    Buyer's Agent in 2016

    Deb Ivone

    California R.E.Services

    (818) 378-7759

    22 Total Sales

    Deb Ivone
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316006658

Pasadena-Foothills Association of REALTORS®

APN: 5720-027-016

California Los Angeles County Pasadena 91105 Madison Heights

672 S Marengo Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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