NOT LISTED FOR SALE

860 N Marengo Ave Pasadena, CA 91103

Orange Heights Neighborhood

Estimated Value: $1,271,608 - $1,674,000

4 Beds
4 Baths
4,064 Sq Ft
$348/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $680,000 $167 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $8,223/month

52 Days on Market

About This Home

As of August 2014

Great opportunity in this area of Pasadena. Four units total - 2 units upstairs, 2 units downstairs on a great size lot. Property comes equipped with a one-car garage for each unit, accessible in the back of the property. Each unit is one bedroom, one bath. Roof, some Kitchen counter tops, Exterior Paint, and Stairway facing the back yard are all new as of 2011. A great Building with a spacious front and back yard, provides great shaded area in the front, and an overall great and clean look. There is easy access to freeways and other amenities from this property. Situated in a very favored part of the City, don't let this amazing chance pass you by.

Last Agent to Sell the Property

Dan Ferrera

Mission Legacy Realty License #01427842 Listed on: 05/23/2014

Mission Legacy Realty

Last Buyer's Agent

Kuo Chang

White House Investment, Inc License #01258032

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 9,083 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,064 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 5414
  • Assessor Parcel Number 5725021005

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gross Income $11,000
  • Net Operating Income $11,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5725021005
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 167.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9083.00
  • Lot Size Acres: 0.2090

Multi Family

  • Gross Income: 11000.00
  • Gross Scheduled Income: 17800.00
  • Lot Size Area: 9083.0000 Square Feet
  • Net Operating Income: 11000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 6800.00
  • Rent Control: No

Tax Info

  • Tax Area: 7-500
  • Tax Lot: 5
  • Tax Tract Number: 05414
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2020
Sold by
Tsai Jeffrey Chia and Tsai Brian
Bought by
Alameda Asset Investment Llc
Current Estimated Value
$1,414,902

Purchase Details

Closed on
Apr 10, 2020
Sold by
Alameda Asset Investments Llc
Bought by
Tsai Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2019
Sold by
Tsai Brian and Tsai Jeffrey
Bought by
Alameda Asset Investment Llc

Purchase Details

Closed on
May 23, 2019
Sold by
Alameda Asset Investments Llc
Bought by
Tsai Brian and Tsai Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$931,600
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 23, 2014
Closed on
Jul 17, 2014
Sold by
Yen John M
Bought by
Alameda Asset Investments Llc
Seller's Agent
Dan Ferrera
Mission Legacy Realty
Buyer's Agent
Kuo Chang
White House Investment, Inc
List Price
$755,000
Sold Price
$680,000
Premium/Discount to List
-$75,000
-9.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%

Purchase Details

Closed on
Mar 10, 2011
Sold by
Yen John M and Yim & Mee Yen Family Trust
Bought by
Yen John M

Purchase Details

Closed on
Jan 26, 2011
Sold by
Yen John M
Bought by
Yen John M and Yim & Mee Yen Family Trust Of 1991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2010
Sold by
Yen Tuck M and Yen Fore M
Bought by
Yen John M and Yim & Mee Yen Family Trust Of 1991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.43%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Alameda Asset Investment Llc -- None Available
Tsai Jeffrey -- Usa National Title Co Inc
Alameda Asset Investment Llc -- Accommodation
Tsai Brian -- First American Title Company
Alameda Asset Investments Llc $680,000 Fidelity National Title
Yen John M -- None Available
Yen John M -- None Available
Yen John M -- Fidelity National Title Co
Yen John M -- Fidelity National Title Co
Yen John M -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tsai Jeffrey $940,000
Previous Owner Tsai Brian $931,600
Previous Owner Yen John M $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2014 08/29/14 Sold $680,000 -9.9% $167 / Sq Ft
07/14/2014 07/14/14 Pending -- -- --
05/23/2014 05/23/14 For Sale $755,000 -- $186 / Sq Ft
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 $9,985 $817,247 $516,790 $300,457
2024 $9,985 $801,223 $506,657 $294,566
2023 $9,901 $785,514 $496,723 $288,791
2022 $9,574 $770,113 $486,984 $283,129
2021 $9,184 $1,010,360 $707,252 $303,108
2020 $8,839 $747,273 $472,541 $274,732
2019 $8,857 $732,622 $463,276 $269,346
2018 $8,874 $718,258 $454,193 $264,065
2016 $8,555 $690,369 $436,557 $253,812
2015 $8,460 $680,000 $430,000 $250,000
2014 -- $175,018 $83,057 $91,961
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Dan Ferrera

    Mission Legacy Realty

    Section Image

  • K

    Buyer's Agent in 2014

    Kuo Chang

    White House Investment, Inc

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14107772

California Regional Multiple Listing Service (CRMLS)

APN: 5725-021-005

California Los Angeles County Pasadena 91103 Orange Heights

860 N Marengo Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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