The property is located at at 850 N Marengo Avenue, Pasadena. Built in 1958, the property comprises of three 1-bedroom/1-bathroom units, two 2-bedroom/1-bathroom units and two Studio units totaling in approximately 4,809 rentable square feet on a parcel of ±9,307 square feet of land zoned PSR1. Additionally, all units have been renovated extensively and the soft-story retrofit was recently completed. The property offers eight parking spaces are available and an on-site laundry facility. The appealing mix of 2-bedroom and 1-bedroom units and desirable location in Pasadena makes this building an enticing opportunity for investors aiming to expand their portfolio. Positioned in a good location in Pasadena on N Marengo Avenue, between N Fair Oaks Avenue and N Los Robles Avenue. This site buildings provide easy access to the 210 and 134 freeways. Convenient access to Downtown Pasadena which offers many attractions such as charming restaurants, bars, and plenty of shopping options. The sites are also nearby to the nation-renowned Rose Bowl stadium, which is host to sought after sporting events. As well as a short trip away from Brookside Golf Course contributing to the ascending demand for rentals in this neighborhood.
Property Details
Property Features
Property Information:
Year Built: 1958
Stories: 2
Listing Office:
Office Name: Reza Ghobadi
Office Phone: (818) 793-2923
Listing Agent: Reza Ghobadi
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 8 spaces
Lot Features
Lot Information:
Lot: Lawn
Lot Size: 0.21 Acres
Other
Directions Information:
Directions: North Fair Oaks and North Los Robles Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $2,995,000
Tax Information:
Annual Amount: $5,579
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Pasadena, CA.
This property is $1.7M more than the Median Sold Price in Pasadena, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SR24151271
Listing Office:
Office Name: Reza Ghobadi
Office Phone: (818) 793-2923
Listing Agent: Reza Ghobadi
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 9:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,579
$379,426
2020
$5,401
$375,269
2019
$5,355
$367,912
2018
$5,281
$360,699
2017
$5,281
$353,627
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$15K
Per Month
Principal & Interest
$14.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,046
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Madison Elementary School
515 E Ashtabula St
Distance between this listing and this school0.34 miles
Public District Grades PK-5
3
/10
Washington Elementary School
1520 N Raymond Ave
Distance between this listing and this school0.79 miles
Public District Grades PK-5
6
/10
Longfellow Elementary School
1065 E Washington Blvd
Distance between this listing and this school1.15 miles
Public District Grades PK-5
Nearby Schools
4
/10
Washington STEAM Multilingual Academy
1505 N Marengo Ave
Distance between this listing and this school0.79 miles
Public District Grades 6-8
8
/10
Ocs - South
524 Palisade St
Distance between this listing and this school1.15 miles
Public Charter Grades KG-8
3
/10
McKinley School
325 S Oak Knoll Ave
Distance between this listing and this school1.54 miles
Public District Grades KG-8
Nearby Schools
5
/10
John Muir High School
1905 Lincoln Ave
Distance between this listing and this school1.48 miles
Public District Grades 9-12
2
/10
Rose City High (Continuation)
351 S Hudson Ave
Distance between this listing and this school1.56 miles
Public District Grades 9-12
6
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school1.91 miles
The neighbors living near this home have an average income of $30,667. Most Pasadena, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 850 N Marengo Ave
What is the listing price of this property?
The listing price of 850 N Marengo Ave property is $2,995,000.
What type of property is this?
The property 850 N Marengo Ave is a condo located in Pasadena, California, 91103.
Is this property for sale now?
Active Listing: 850 N Marengo Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $5,579 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 850 N Marengo Ave is 1958.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 850 N Marengo Ave in Pasadena, CA and zip code 91103 in the The Verdugos neighborhood. This home, which was built in 1958, sits on a 0.21 acre lot. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $2,995,000.
In October 2024 more than 38 listings in Pasadena, CA were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 37 were sold below. The number of homes for sale in Pasadena, CA increased by 4.4% between September 2024 and October 2024. The median list price of listings available in October 2024 was $1,204,134, while the average time on the real estate market was 40 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Mexican League Soccer
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Foot Locker
H&M
Burlington
Little Caesars
Boston Market
Popeyes
Dodge
Honda
Nissan
Urban Adult Contemporary
Rhythmic Contemporary Hits