355 S Marengo Avenue 402, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 2 bath
355 S Marengo Avenue 402
Pasadena, California 91101
Property Price
SUMMARY
Analysis of 355 S Marengo Avenue 402, Pasadena, California 91101 is currently available with a list price of $630,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1981, this property is well-maintained and move-in ready but lacks recent comprehensive renovations. The kitchen features dated white appliances and older cabinetry styles, and the bathrooms show functional but aging fixtures. While the flooring has been updated to a contemporary laminate and the unit benefits from high ceilings, the overall aesthetic and major systems reflect a property that has been maintained through regular upkeep rather than modern updates, fitting the 'fair' criteria for homes over 40 years old with outdated components.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Pasadena Location
The property is exceptionally located within walking distance to Old Town Pasadena, Trader Joe's, and Whole Foods, offering high walkability and easy access to major freeways and medical centers.
- Premium Unit Positioning
As a top-floor end unit, this residence features unique high ceilings and extra privacy, providing a bright, airy, and quiet living environment that is highly sought after in multi-family complexes.
- Convenient Parking and Laundry
The unit includes two side-by-side covered parking spaces located just steps from the elevator, along with the significant convenience of an in-unit washer and dryer.
CONSRISKS & DEFICIENCIES
- High HOA Dues
The monthly association fee of $730 is relatively high for a sub-1,000 square foot unit, which may impact buyer affordability and overall investment yield.
- Average School Ratings
The assigned public schools, McKinley and Blair High, currently hold a rating of 4, which may be a consideration for families prioritizing top-tier educational districts.
About 355 S Marengo Avenue 402
Great Location - Top Floor, End Unit, Single level with convenient elevator access! High Ceilings throughout, unique to the 4th floor, making it bright and airy in every room. The kitchen is open to a spacious living/dining area with gas fireplace and balcony surrounded by lush treetops and beek-a-boo views of the San Gabirel Mountains. The kitchen includes the stove, refrigerator, in-unit washer & dryer. The primary suite has access to the balcony, a large walk-in closet, and roomy bathroom with walk-in shower. The unit offers 2 covered parking space just feet from the elevator. Newer A/C in 2022, condenser and ducting. The complex offers a pool and spa, gated covered parking. Marengo Gardens is professionally managed. This property is located close to restaurants, Trader Joe's and Whole Foods, Allendale Park with pickleball and a playground, Paseo and Old Town Pasadena. There is easy access to the 110 freeway to downtown LA and 210/134 freeway going to Glendale or Duarte, home of City of Hope hospital. Marengo Gardens is also near Huntington Hospital, CalTech, Huntington Gardens, Kaiser Medical School, the Rose Bowl and more. HOA dues include water, trash, common area maintenance, and insurances. There are 2 side-by-side parking spaces. A fantastic place to live!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $730.0 / Month
Neighborhood Insights
Pasadena Unified Schools
McKinley School
Grades K-8 • 0.7 mi
Blair High School
Grades 6-12 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 973 | 1,126.5 | 38% |
| Lot Size | - | 21,327.5 | 31% |
| Price | $630.0K | $899.5K | 22% |
| Price per sq ft | $647 | $751 | 28% |
| Built year | 1981 | 2004 | 31% |
| HOA | $730.0 | $639 | 77% |
| Days on market | 6 | 185 | 5% |
Pricing History
Listed for Sale
Feb 28, 2026
$630,000
Initial Listing