Movoto Real Estate
Sold on 10/21/2015
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652 N Marengo Ave, Pasadena, CA 91101

$1,095,000

Last sold 10/21/2015 after 59 Days

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    bed

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    bath

Multi-family not for sale

About 652 N Marengo Ave

Property type Multi-family
Neighborhood
Year built 1905
HOA fee $0/month
Lot size 0.27 Acre
Rental estimate
Property description
A remarkable opportunity to buy a beautiful, renovated craftsman style 4 unit/condominium project. One of last condo conversions in Pasadena this beautiful 4 plex. has a great mix of (2)3 bedroom/1 bath and (2)2 bedroom/1 bath units with central air/heat, updated kitchen and baths, high ceilings, laminate floors, 2 of the units have washer/dryer in unit, separately metered, individual water heaters, cooper plumbing, updated electrical, new roof and more. Situated on a large 11,700 sq.ft., park like yard, 2 car garages (8 total)+ guest parking and blocks from Old Town. This property has great income with lots upside potential, rents are below market. It's priced as a 4 unit not taking into consideration the condo value! Zillow estimates the value at $1.2M as 4 units, this is priced below market for a quick sale!!
Listed by
Listing Agent - Ara Minassian
Listing Office - Maximus Properties
Source: CRMLS mls logo
MLS#315008585 • last updated 4 years ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Levels/Style Two, Craftsman
Type Residential Income
Status Closed
Lot Size (Acres) 0.269
Lot Size (SqFt) 11717
Year Built 1905
Condition Updated/Remodeled
Interior
Exterior
Roof Composition
Building Area 3756
Parking Guest, Detached Carport
# Carport Spaces 8
# Parking Spaces 10
Location
County Los Angeles
Subdivision Not Applicable-105
Zoning PSR1
Directions Cross Streets: Parke And Orange Grove
APN 5725019031
Multifamily Details
Operating Expense 24888
Gross Multiplier 14.57
Lot/ Land Details
Rental est.: $1,759/month
Gross rent multiplier: 51.9
  • Nov 2015
    mls logo MLS # 315008585
  • Nov 2, 2015 Sold
    $1,095,000
  • Oct 21, 2015 Sold
    $1,095,000 (-0.4%)
  • Aug 23, 2015 Listed
    $1,098,888
  • Aug 23, 2015 Listed
    $1,098,888
  • 652 N Marengo Ave
    $1.09M
  • Villa Parke
    $997K -16% y/y
  • 91101
    $875K -6% y/y
  • Pasadena
    $1.15M -9% y/y
No chart available
Statistics calculated by Movoto

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3/10
Madison Elementary School
public Grades K-5
Pasadena Unified School District
3/10
Octavia E. Butler Magnet School
public Grades 6-8
Pasadena Unified School District
4/10
John Muir High School
public Grades 9-12
Pasadena Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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