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1029 N Marengo Avenue
About This Property
A fenced front yard and oversized covered porch create the perfect setting for relaxing mornings, evening gatherings, and enjoying Pasadena's beautiful weather. A long driveway leads to a spacious backyard, offering ample room for outdoor living, gardening, or possible future enhancements.
Inside, the home features a welcoming living room centered around a cozy fireplace, a formal dining room with charming built-ins, and a classic bar/pass-through connecting the dining room to the kitchen - perfect for entertaining or holding conversations with your family while cooking. The large kitchen includes a dedicated laundry area and offers plenty of space for customization. Oversized bedrooms and generously sized bathrooms provide comfort and flexibility, while original Craftsman details add warmth and character throughout.
Ideally located with close proximity to Old Pasadena, popular local eateries, shopping, entertainment, and convenient access to the 210 Freeway, this home combines charm and location.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 13, 2026 | Sold | ||
| Sold | |||
| Jun 18, 2026 | In contract | - | |
| In contract | |||
| Jun 1, 2026 | Listed by Keller Williams SELA | $1,079,000 | |
| Listed by Keller Williams SELA | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017