1385 North Marengo Avenue
1385 North Marengo Avenue
$1,200,000
10
6
4,337
4,337
$277
Sold 3/11/20
Description
This unique value-add opportunity is comprised of three separate single-family residences on a 13,000 SF lot zoned RM32. Alongside several family-friendly parks, the neighborhood is ideal for families who enjoy the tranquility of the suburbs with close proximity to DTLA and various Los Angeles hotspots. An investment in 1385-1389 Marengo Avenue provides an investor with the opportunity to own three homes in Pasadena, at a very attractive price, with the potential for 30% upside in rents. Developers...This unique value-add opportunity is comprised of three separate single-family residences on a 13,000 SF lot zoned RM32. Alongside several family-friendly parks, the neighborhood is ideal for families who enjoy the tranquility of the suburbs with close proximity to DTLA and various Los Angeles hotspots. An investment in 1385-1389 Marengo Avenue provides an investor with the opportunity to own three homes in Pasadena, at a very attractive price, with the potential for 30% upside in rents. Developers should do their due diligence regarding the opportunity to build up to 10 units on this large lot.
Listing Agents
Property Details for 1385 North Marengo Avenue
Zoning
RM32
Parcel Number5729008014
Total Units3.0
Living Area4337
Source Living AreaAssessor
AreaPasadena NW (645)
Vacancy Rate3
Lot Size Area13015
Location
LISTING UPDATED: 03/11/2020 12:49 PM
Property Details for 1385 North Marengo Avenue
Status | Sold |
---|---|
MLS # | 19-516806 |
Days on Market | 161 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1980 |
Lot Size | 0.30 AC / 13,015 SF |
County | Los Angeles County |
Location
Building Information for 1385 North Marengo Avenue
Stories2Residences-Year Built1980Building Size-Lot Size0.30 AC / 13,015 SF
Payment Calculator
$7,910 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1385 North Marengo Avenue
Public Records for 1385 North Marengo Avenue
Taxable ValueLand$735,824Additions$516,652Total$1,252,476
Tax Record2023$16,337 ($1,361 / month)
Home Facts
Total Finished SqFt4,337 SqFtAbove Grade Finished SqFt4,337 SqFtLot Size13,016 SqFtStyleTriplexYear Built1980ZoningPSR3CountyLOS ANGELESAPN5729-008-014
Schools near 1385 North Marengo Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Washington Accelerated Elementary School PublicK to 5 | ||
Octavia E. Butler Magnet School Public6 to 8 | ||
John Muir High School Public9 to 12 | ||
Odyssey Charter School - South CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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