tomo logo

$2,480,000

Beds
5
Baths
4.0
sq ft
3,426

779 N Marengo Ave, Pasadena, CA 91103

779 N Marengo Ave

Pasadena, CA 91103

  • 11 days on market
    • Price drop $22,320,000↓
Calling all Developers, Investors, this Charming Single Family Home has massive potential. The property is currently a 5 bedroom, 4 bath 3,426 square feet two story home with huge 14,928 square feet lot located in RM-32 Zone. This is not a historic building and verified. This can be used as a single family home with adu play or single family for rent with redevelopment plans. This property can develop up to 20+ units. Initial renderings have been provided.

Details

Property type

Single Family Residence

Est. home value

$1,969,194

Lot size

0.3427 acres

Price per sq ft

$724

Year built

1920

HOA

No

Price History

02/11/2025
CRMLS

CRMLS #WS25031244

Listed
$2,480,000
+55%
01/03/2022
CRMLS

CRMLS #WS21222324

Sold
$1,600,000
+11.5%
04/23/2021
CRMLS

CRMLS #MB20140962

Sold
$1,435,000

Schools & Community

Neighborhood: 

North Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

John Muir

Community features: 

Curbs, Suburban

High school district: 

Pasadena Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,963,134
Asking price
$2,480,000
Closing costs (~8% of asking)
-$198,400
Est. remaining loan balance
-$318,466
Cash to seller
$1,963,134

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

February 2021

Original loan amount

$350,000

Est. remaining balance

$318,466

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Paulina L Yap Ho

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 6:10 AM

Listing updated: 02/12/2025 at 6:45 AM

Listed by: ALEX LAI, Longo Realty, Inc. Phone #: (626) 282-9105

MLS: CRMLS #WS25031244

CRMLS logo

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