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294 South Marengo, Pasadena, CA 91101

$1.04M3bd · 3ba · 1,439 sqft
Lot 218,250 sqft•HOA $755/mo•Townhouse•
Active
•70d on market•MLS# PV-26171471

Property Description

FOR SALE – PASADENA OPPORTUNITY | 3 BED / 3 BATH | 1,439 SQ FT | 3-STORY HOME Located at 294 S. Marengo Ave., Pasadena, CA 91101, this three-story home presents an excellent opportunity in one of Pasadena’s most desirable locations. Featuring 3 bedrooms, 3 bathrooms, and 1,439 square feet of living space, this property offers a functional multi-level layout with strong potential. The home has been cleared and prepared for its next owner, with the existing carpet already removed to provide a clean slate for renovation. Whether you’re looking to modernize the space, create your dream home, or pursue a value-add investment, the property is ready for your personal touches and design preferences. HIGHLIGHTS: * 3 Bedrooms / 3 Bathrooms * Three-story floor plan * 1,439 Sq. Ft. of living space * Spacious 2-car garage with ample storage space, even with both vehicles parked inside * Cleared and ready for renovation, with existing carpet already removed * Walking distance to Old Pasadena and The Paseo, offering exceptional shopping, dining, and entertainment, including Panini Kabob Grill, Yard House, the Pasadena Convention Center, and a variety of popular restaurants and retailers * Just minutes from premium amenities, including Equinox Pasadena, Houston’s Restaurant, and premier shopping at Apple, Sephora, Patagonia, Anthropologie, Vuori, Madewell, as well as the Rivian and Tesla showrooms * Excellent opportunity for a remodel, investment, or owner-occupant looking to add value * Prime central Pasadena location with convenient access to major freeways and public transportation

Features & Amenities

LeaseBuilt 1978

Property Details

Land Type
Lease
Year Built
1978
Property Type
Residential
Property Subtype
Townhouse
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
City Lights
City
Pasadena
Zip Code
91101
County
Los Angeles
Listed byShorewest Realty, Farzad Rastegar

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,253.75
Principal & Interest
Loan Amount
$831,200
Total Interest
$1,060,150
Total Payment Over 30 Years
$1,891,350
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

294 South Marengo, Pasadena, CA 91101

Pasadena · Townhouse · Lease Land

$1.04M
Affordable Tier
Beds
3
Baths
3
Sqft
1,439
Lot
5.01 ac
Year
1978
$/Sqft
$722
Pool: Yes✓
Spa: Yes✓
View: city✓
Garage: 2-car✓

Listed 18.2% above the median closed sale of $879,000. Price per sqft ($722) is a 24% premium to closed comps ($584). Closed comps sold at 102% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.04M· $722/sqft
Total list price
Closed comps
vs closed median $879K
+$160K (+18.2%)
Active comps
vs active median $795K
+$244K (+30.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $568
+$154 (+27.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2450 E Del Mar BlvdPasadena1978331,55865,443$442$688,0006685
1518 Creekside CourtPasadena1988331,567273,206$618$969,0006884
477 Euclid AvenuePasadena1981331,6979,719$570$968,0002980
42 MichiganPasadena1996331,28233,245$620$795,0006777
595 Garfield AvenuePasadena1987321,2691,385$591$750,0002476
Total: 5 · Average3.02.81,474.676,599.6$568.2$834,00050.8
Median1,558$795,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
330 CordovaPasadena198108/04/2026231,592144,125$899,000$880,000$5530.983585
100 Hurlbut StreetPasadena197407/28/2026331,315103,586$874,000$879,000$6681.015584
1370 Orange Grove BoulevardPasadena198206/23/2026331,42221,892$699,000$763,000$5371.095284
1520 Creekside CourtPasadena198807/01/2026331,567273,206$988,000$970,000$6190.985783
1484 Corson StreetPasadena198010/09/2026231,45041,724$765,888$785,000$5411.023783
Total: 5 · Average2.63.01,469.2116,906.6$855,400$855,400$583.6—47.2
Median1,450$879,000$879,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.