294 S Marengo
Pasadena, CA, 91101
$1,018,999
Original list price: $1,099,000
MLS: PV26171471
Beds
3
Baths
3
Sq Ft
1,439
Lot
5.01 ac
Year Built
1978
MLS #
PV26171471
Days on Market
92
Listed
Aug 5, 2026
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
Location
Pasadena, Los Angeles County, CA 91101
Open on Google Maps ↗Listed by: Farzad Rastegar · Shorewest Realty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$8,711
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $101,900 · Loan: $917,099
Average 30-yr fixed rate 7.18% as of Nov 5, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $6,213
- Property tax (1.25%)
- $1,061
- Homeowners insurance
- $300
- Mortgage insurance
- $382
- HOA dues
- $755
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Nov 5, 2026
- 30-year fixed
- 7.18%
- 15-year fixed
- 6.57%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Pasadena home with as little as 3.5% down using an FHA loan — roughly $35,665 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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