NOT LISTED FOR SALE

705 S Marengo Ave Pasadena, CA 91106

Madison Heights Neighborhood

Estimated Value: $2,181,000 - $2,590,913

2 Beds
1 Bath
950 Sq Ft
$2,555/Sq Ft Est. Value

Highlights

  • No HOA
  • 3-minute walk to Fillmore Station
  • 1 Car Garage
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Stacked Washer and Dryer

About This Home

As of February 2021

Lovely bungalow-style remodeled 2bed/1bath end unit with 1-car garage parking in the City of Pasadena. One pet under 50 lbs ok with additional pet deposit. Bright and airy unit. Kitchen comes with new cabinets, new countertops, new stove/oven, new dishwasher, and new refrigerator. Newly installed laminated wood flooring and freshly painted walls. Beautiful mantel and fireplace in the living room. Upgraded bathroom with new tub, new toilet, and new sink. Unit also comes with it's own washer and dryer laundry machines for tenant's convenience. Must see to appreciate what this unit has to offer. Convenient location: close to Trader Joe's, Whole Foods Market, other supermarkets, schools, parks, restaurants and shops on Lake Ave and Colorado Blvd in Old Town Pasadena. Near the 210, 134, and 110 freeways. See virtual tour here: https://mls.ricohtours.com/3f8ba97d-1710-4b00-a3bc-c007536e8d63/

Last Agent to Rent the Property

WINNIE SHI

FOCUS PROPERTY SERVICES, INC. License #02081839 Listed on: 04/14/2020

Last Renter's Agent

Lucy Mao

COMPASS License #01779052

COMPASS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 0.28 Acre Lot
  • No Common Walls
  • Back Yard

Parking

  • 1 Car Garage
  • Parking Available

Interior Spaces

  • 950 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Security Deposit $2,700
  • Rent includes trash collection, water
  • 12-Month Minimum Lease Term
  • Available 3/18/20
  • Tax Lot 2
  • Tax Tract Number 5
  • Assessor Parcel Number 5720015002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit $600

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2020-03-18
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 600
  • Deposit Security: 2700
  • Furnished: Unfurnished
  • Pets Allowed: Call, Number Limit, Size Limit
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: No
  • View: No
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 5720015002
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 950.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2.84
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Stackable, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 12158.00
  • Lot Size Acres: 0.2791

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 12158.0000 Square Feet
  • Management Co: Focus Property Services Inc.
  • Management Co Phone: 626-285-9689
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Rent Includes: Trash Collection, Water

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2019
Sold by
Solano Lynette and The Adalberto Sulano Exemption
Bought by
Plem Llc
Current Estimated Value
$2,426,978

Purchase Details

Closed on
Oct 27, 2010
Sold by
Solano Catalina and The Solano Family Trust
Bought by
Solano Catalina and The Adalberto Solano Exemption Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Plem Llc $2,000,000 Equity Title Company
Solano Catalina -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2021 02/15/21 Rented $2,700 0.0% --
02/09/2021 02/09/21 Under Contract -- -- --
02/02/2021 02/02/21 Price Changed $2,700 -3.6% $3 / Sq Ft
07/29/2020 07/29/20 Price Changed $2,800 -3.4% $3 / Sq Ft
04/24/2020 04/24/20 Price Changed $2,900 -6.5% $3 / Sq Ft
04/14/2020 04/14/20 For Rent $3,100 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $24,729 $2,187,288 $1,531,102 $656,186
2024 $24,729 $2,144,401 $1,501,081 $643,320
2023 $24,523 $2,102,355 $1,471,649 $630,706
2022 $23,676 $2,061,134 $1,442,794 $618,340
2021 $22,711 $2,020,720 $1,414,504 $606,216
2020 $21,802 $2,000,000 $1,400,000 $600,000
2019 $2,118 $91,157 $52,066 $39,091
2018 $1,954 $89,371 $51,046 $38,325
2016 $1,832 $85,903 $49,065 $36,838
2015 $1,809 $84,613 $48,328 $36,285
2014 $1,814 $82,957 $47,382 $35,575
Source: Public Records

Agents Affiliated with this Home

  • W

    Landlord's Agent in 2021

    WINNIE SHI

    FOCUS PROPERTY SERVICES, INC.

  • Lucy Mao

    Tenant's Agent in 2021

    Lucy Mao

    COMPASS

    (626) 831-2201

    3 in this area

    94 Total Sales

    Lucy Mao
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20059469

California Regional Multiple Listing Service (CRMLS)

APN: 5720-015-002

California Los Angeles County Pasadena 91105 Madison Heights

705 S Marengo Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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