1022 S Marengo 5, Alhambra, California 91803, Alhambra, 91803 - 3 bed, 3 bath
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Alhambra, California 91803
This tri-level condominium represents a High-Potential Investment Opportunity, listed at $699,000—positioned well above the $602,436 Fair Market Value by -16%. While the property requires a strategic approach due to its Fair Condition Rating and $556 monthly HOA fee, it offers unique architectural appeal with a Private Rooftop Deck and Pool Views. The layout provides significant space for those prioritizing location over immediate turnkey status. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in Alhambra.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1022 S Marengo 5 Subject | $679,000* List Price | 3 | 3 | 1,220 | $489 | - |
A 1024 S Marengo Avenue Sold | $616,000 | 3 | 3 | 1,220 | $505 | 0.0 mi |
B 1420 S 5th Street E Active | $679,600 List Price | 3 | 3 | 1,148 | $592 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1984 (40 years old), placing it in the older age bracket. While it features some modern interior updates such as hardwood flooring, white quartz-style countertops, and a subway tile backsplash in the kitchen, it remains dated overall. The presence of popcorn ceilings, older white appliances, and original 1980s exterior/common area finishes indicates it needs minor cosmetic updates and system reviews to meet modern standards.
The property features a rare private rooftop deck, providing an exclusive outdoor retreat for relaxation and entertaining with serene views of the community pool.
With soaring ceilings and a tri-level layout, the home offers a spacious, airy atmosphere that maximizes natural light and creates a modern, inviting living experience.
Ideally situated in the heart of Alhambra, the condo offers exceptional convenience with close proximity to renowned dining, shopping, and easy freeway access to DTLA and Pasadena.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =70437, other record lot size in square feet = 70345. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The monthly HOA fee of $555.93 is relatively high, which may impact the overall affordability and monthly carrying costs for budget-conscious buyers.
The tri-level configuration requires navigating multiple sets of stairs, which could be a drawback for families with small children or individuals with mobility concerns.
Amazingly spacious! Has elegant soaring ceilings and flooring with open, airy layout, and a Rooftop Deck. The bright living room with fireplace flows seamlessly into the dining area, while large windows frame beautiful views of the community pool, creating a serene and picturesque setting. A private rooftop deck provides the perfect retreat for relaxing or entertaining, while additional features include central air and heating, exceptional tri-level condominium in the heart of Alhambra, where architectural character, natural light, and thoughtful design come together to create a truly inviting living experience. Featuring 1,220 square feet of living space, quiet, safe, with an in-unit laundry, ample storage, and two secured parking spaces. Ideally situated near Alhambra's renowned dining, shopping, entertainment, Pasadena, and Downtown Los Angeles, close to freeway, this distinctive home offers a rare combination of style, comfort, and convenience that is sure to leave a lasting impression.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,220 | 1,343 |
| Lot Size | 70,437 | 21,531 |
| Price | $679.0K | $713.2K |
| Price per sq ft | $557 | $564 |
| Built year | 1984 | 1988 |
| HOA | $555.93 | $390 |
| Days on market | 36 | 87 |
Jul 10, 2026
$679,000
$699,000
-3% Price Drop
Initial Listing
Jun 16, 2026
$699,000
Initial Listing
Aug 18, 2015
$395,000
Public Record
Jan 11, 2012
$240,000
Public Record
Mar 28, 2006
$395,000
Public Record