Properties
Pasadena, CA 91106 892 S Marengo
$1,998,000
31 more
Presented By: Pamela DelRey with Art Del Rey Realty, Inc.; 626-841-2387
Baths • 1
SQFT • 2,556
Garage • 3
Home Details
Situated in the highly desirable Madison Heights neighborhood of Pasadena, this unique multi-unit property offers exceptional investment potential. Set on a spacious 12,342 sq. ft. lot and zoned RM-32, the property presents a rare opportunity for future development. According to the City of Pasadena (buyer to verify), the lot size may allow for the construction of approximately 9 units.
The property currently features three separate tenant-occupied units:
894 S. Marengo: 3 bedrooms, 2 bathrooms (front house)
892 S. Marengo: 2 bedrooms, 1 bathroom
896 S. Marengo: 2 bedrooms, 1 bathroom
Additional amenities include three single-car garages on site.
Whether you’re looking to expand your investment portfolio, generate immediate rental income, or explore development possibilities, this property offers versatility and long-term upside in one of Pasadena’s most sought-after locations.
Presented By: Pamela DelRey with Art Del Rey Realty, Inc.; 626-841-2387
Interior Features for 892 S Marengo
Other Interior Features
Air Conditioning Y/NYes
Common WallsNo Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes
Laundry FeaturesLaundry Room
Total Stories2
Other Rooms
Entry Level1
General for 892 S Marengo
Additional Parcels Y/NNo
AppliancesGas Range
Building Area UnitsSquare Feet
CityPasadena
Community FeaturesCurbs, Street Lights, Sidewalks
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsS/California
Entry LocationFront
Garage Spaces3
Garage Y/NYes
Gross Income81296
HOANo
HOA Fee$
HeatingDuctless, See Remarks, Wall Furnace
Insurance Expense2719.3
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to New Loan
Lot Size Square Feet12335
Lot Size UnitsSquare Feet
MLS Area647 - Pasadena (SW)
MaintenanceExpense6687
Net Operating Income71864
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Operating Expense9432.53
Pool FeaturesNone
PostalCityPASADENA
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublic Sewer, Sewer Tap Paid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot1
Tenant PaysElectricity, Gas
Total Actual Rent6775.44
Trash Expense904
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewMountain(s)
Virtual TourClick here
Water Sewer Expense2000
Year Built1906
Year Built SourceAssessor
Exterior for 892 S Marengo
Building Area Total2556
Lot Features2-5 Units/Acre, Lawn, Sprinklers Manual, Street Level
Lot Size Acres0.2832
Lot Size Area12335
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesDriveway
Pool Charge0
Private PoolNo
Road Frontage TypeCity Street
SpaNo
Total Parking3
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
