New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,945,000
Investment properties
24 Marengo Ave Pasadena, CA 91101-1902
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-6380489
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1926
Construction
TILT-UP CONCRETE
Total area
6,768 SF
Lot
0.07 ac (2,939 SF)
Zoning code
PSC-
APN
5723-026-020
UPID
US09-6380489
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Holbrook Design Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$3.95M
Owner & transaction history
Mt Partners Marengo LLC · 5 yrs held
Mt Partners Marengo LLC
since 2021
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+78.5%
Office building
$4.2M
+56.9%
Neighborhood: shopping center
$4.1M
+55.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,950,000
ML approach
$4,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,650,000
Current use
RESTAURANT
$4,735,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$4,165,000
Change: +57% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,120,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,390,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$3,365,000
Change: +27% · Conversion: Easy
MEDICAL BUILDING
$3,075,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,860,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$3.95M
Range $3.55M – $4.34M · ±10% · vs last sale $3.90M (Jun 2 2021)
Last sale anchor
$3.90M
Jun 2 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$583 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$47,121
Tax year 2024
Assessed value
$4,138,711
Assessed 2024
Previous assessed
$4,138,711
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$424,483
Assessed improvement
$3,714,228
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1926
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,768 SF
Lot
0.07 ac (2,939 SF)
Zoning code
PSC-
APN
5723-026-020
UPID
US09-6380489
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CA
Zoning PSC- · permitted uses
PSC- · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
RESTAURANT
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.4M
RETAIL STORES
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1926
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Mt Partners Marengo LLC
Entity
Mailing address
24 N MARENGO AVE, PASADENA, CA 91101-1902
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
—
Mt Partners Marengo LLC
—
Deed
related
$1,581,000 · Cdc Small Business Finance Corp
Jun 2, 2021
$3,900,000
Mt Partners Marengo LLC
Bpn Properties LLC
Grant Deed
$1,950,000 · City National Bank
Apr 9, 2009
$3,000,000
Bpn Properties LLC
24 N Marengo LLC
Grant Deed
—
Dec 22, 2006
$3,000,000
24 N Marengo LLC
Rm Holbrook Associates INC
Grant Deed
$1,800,000 · East West Bank
Dec 4, 1998
$775,000
R M Holbrook Associates INC
Nicholas Jaidar Estate
Grant Deed
$700,000 · City National Bank
May 28, 1996
—
Jaidar,michael Trustee
Jaidar,n
Quit Claim Deed
related
—
Feb 29, 1996
—
Jaidar,michael Trustee
Jaidar,m S
Quit Claim Deed
related
—
—
—
Nicolas A Jaidar
—
Deed Of Trust
related
$100,000 · Community Bank NA
—
—
Nicolas Jaidar
—
Deed Of Trust
related
$75,000 · Malouf Trust
—
—
Mountaha S Jaidar
—
Deed Of Trust
related
$150,000 · Albert M Malouf D D S
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 24 Marengo Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
