$1,302,000
●
House -
Off Market
1008 N MARENGO Avenue
Pasadena, CA 91103
5 Beds
2 Baths
2,328 Ft²
$1,765,312
RealtyHop Estimate
38.02%
Since Aug 1, 2020
CA-Los Angeles
Primary Model
About This Property
This 1905 Craftsman showcases the perfect marriage between original
charm & contemporary upgrades. Drought tolerant landscaping leads
up to a gracious front porch, & picture windows bathe the original
hardwood floors in natural light.The living room, dining room, &
kitchen have been opened up for a more current flow, & brand new
appliances throughout make this the turnkey dream. The kitchen
opens up to a spacious deck, excellent for entertaining or quiet
relaxation. Enjoy your own homegrown produce from the orange,
papaya, avocado, lime, lemon, & fig trees in the ample grassy yard.
With plenty of off-street parking, the detached 2-car garage could
easily become a home office, studio, or home gym. In addition to 5
generous bedrooms & 3 updated baths, the home also offers flexible
bonus space & a California basement for extra storage. 1008 N
Marengo is centrally located in Historic Garfield Heights & offers
quick access to Old Town Pasadena, the Rose Bowl, & the Playhouse
District.
Unit Size
2,328 Ft²
Days on Market
37 days
Land Size
0.16 acres
Price per sqft
$549
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1905
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CLAW #20594204)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2020 | Sold | ||
| Sold | |||
| Jun 22, 2020 | Listed by Compass | $1,279,000 | |
| Listed by Compass | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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HOA + Taxes
About Northwest Pasadena
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Listed by: Stephen Clark, Compass
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 20594204
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 20594204
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