1022 S Marengo 5, Alhambra, California 91803, Alhambra, 91803 - 3 bed, 3 bath
Loading property details...
1022 S Marengo 5
Alhambra, California 91803
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,220Sq Ft
70,437Lot Size
Property Price
LIST PRICE$649,000
EST. MARKET VALUE
$649,000
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at a List Price of $669,000, which aligns perfectly with its $669,000 Fair Market Value. Boasting a Mint Condition Rating, this tri-level residence features high-end renovations, including modern quartz countertops and updated hardwood flooring. Residents enjoy a private rooftop deck, community pool access, and a serene, airy layout. Ideally situated in the Alhambra school district, this property offers a seamless, stress-free lifestyle. It is an ideal acquisition for first-time buyers or owner-occupants seeking a sophisticated, move-in-ready home.
Estimated Market Value
$649,000
Based on Realkey algorithm analyzing recent comparable sales in Alhambra.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1022 S Marengo 5 Subject | $649,000* List Price | 3 | 3 | 1,220 | $532 | - |
A 1024 S Marengo Avenue Sold | $616,000 | 3 | 3 | 1,220 | $505 | 0.0 mi |
B 1097 S Marguerita C Active Under Contract | $639,000 List Price | 2 | 3 | 1,273 | $502 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1984, the interior has undergone a high-quality renovation within the last 5 years. The kitchen features modern white cabinetry, quartz countertops, and subway tile backsplash. Bathrooms are fully updated with contemporary vanities and marble-style tiling. The unit includes updated hardwood flooring, recessed lighting, and functional central HVAC, putting it in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Private Rooftop Deck
The rare private rooftop deck provides a unique outdoor retreat for relaxation and entertaining, a standout feature that adds significant lifestyle value to the unit.
- Architectural Character
The tri-level design features soaring ceilings and large windows that create an open, airy atmosphere, making the 1,220 square feet feel exceptionally spacious.
- Prime Location
Situated in the heart of Alhambra with close proximity to Pasadena and Downtown LA, the property offers excellent access to renowned dining, shopping, and major freeways.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Market Stagnation
With 73 days on the market and two consecutive price reductions, the property is experiencing slower momentum, which may indicate initial overpricing or buyer hesitation.
- High HOA Fees
The monthly association fee of $555.93 is relatively high for this unit size, which could impact the overall affordability and debt-to-income ratio for potential buyers.
About 1022 S Marengo 5
Distinctive Three-Level Condo with Soaring Wood Ceilings, Pool Views & Private Rooftop Deck 1,220 SF • 3 Bedrooms • 2.5 Baths • Pool View • Private Rooftop Deck • 2 Secured Parking Spaces • In-Unit Laundry Experience the character and privacy of a unique three-level condominium featuring soaring wood-paneled ceilings, beautiful wood flooring, abundant natural light, a fireplace, and a private rooftop deck. The thoughtfully designed floor plan offers a townhome-style feel, with natural separation between the main living spaces, bedrooms, and outdoor entertaining areas. Please note: This is a multi-level home with no elevator access and multiple staircases from the parking/entry area through the interior levels and up to the rooftop deck. Buyers are encouraged to consider the stair configuration when determining whether this unique floor plan is right for them. The main living level welcomes you with a bright, open living room featuring a fireplace and soaring wood-paneled ceiling, flowing naturally into the dining area. Large windows provide views of the community pool and bring abundant natural light into the living space. The adjacent kitchen offers convenient access to the main living and dining areas, creating a comfortable setting for both everyday living and entertaining. The bedroom levels provide three bedrooms and 2.5 bathrooms, including a private primary suite with its own bathroom. The multi-level design creates a comfortable separation between the entertaining and private areas of the home. Continue upward to the private rooftop deck, an exceptional outdoor retreat for relaxing, enjoying the views, or entertaining guests. This additional outdoor space is a rare and distinctive feature that sets this home apart from a conventional condominium. Additional features include central air conditioning and heating, in-unit laundry, ample storage, and two secured parking spaces. Ideally located in Alhambra with convenient access to dining, shopping, entertainment, Pasadena, Downtown Los Angeles, and major freeways. For buyers who appreciate architectural character, multiple levels of living space, and a private rooftop retreat, this home offers a unique alternative to the typical condominium.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 70,437 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $555.93 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 3.0 | 2.7 |
| Square foot | 1,220 | 1,190.5 |
| Lot Size | 70,437 | 34,041.433 |
| Price | $649.0K | $687.5K |
| Price per sq ft | $532 | $558 |
| Built year | 1984 | 1990 |
| HOA | $555.93 | $346 |
| Days on market | 85 | 94 |
Pricing History
Listed for Sale
Sep 8, 2026
$649,000
$669,000
-3% Price Drop
Initial Listing
Price Change
Aug 28, 2026
$669,000
$679,000
-1% Price Drop
Initial Listing
Price Change
Jul 10, 2026
$679,000
$699,000
-3% Price Drop
Initial Listing
Price Change
Jun 16, 2026
$699,000
Initial Listing
Sold
Aug 18, 2015
$395,000
Public Record
Sold
Jan 11, 2012
$240,000
Public Record
Sold
Mar 28, 2006
$395,000
Public Record