Pasadena Multi-Unit Property For
For Sale
$1,798,000
892 S Marengo, Pasadena, CA 91106
Multi-unit property in Pasadena's Madison Heights neighborhood with development potential.
Property Size2,556 SF
Lot Size0.28 Acres
Days on Market109
Property Features for 892 S Marengo
General Information
Standard status
Active
Size
2,556 SF
Lot size
0.28 Acres
Property subtype
Investment
Building Details
Building Size
2,556 SF
Year Built
1906
Stories
2
Units
3
Listing Agency:
Art Del Rey Realty, Inc.
(626) 358-4560
Listed By:
Pamela DelRey · License #00864033
(626) 358-4560
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Art Del Rey Realty, Inc.
Investment Insights
Based on property information with market context.
Located in Pasadena's Madison Heights neighborhood, this multi-unit property offers investment potential. The property is situated on a 12,342 sq. ft. lot and zoned RM-32, presenting a development opportunity. According to the City of Pasadena, the lot size may allow for the construction of approximately 9 units, but this should be verified by the buyer. Currently, the property includes three tenant-occupied units. The unit at 894 S. Marengo features 3 bedrooms and 2 bathrooms and is located in the front house. The units at 892 S. Marengo and 896 S. Marengo each have 2 bedrooms and 1 bathroom. On-site amenities include three single-car garages. The property is located in a very bikeable area with a bike score of 86 and a very walkable area with a walk score of 85. The transit score is 63, indicating good transit options. This property offers versatility and long-term upside.
Key Highlights
- Prime location in the highly desirable Madison Heights neighborhood of Pasadena.
- Significant development potential due to RM‑32 zoning and a large 12,342 sq. ft. lot, potentially allowing for approximately 9 units (buyer to verify).
- Currently generates immediate rental income with three tenant‑occupied units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 91106, CA
24,172
Population
11,809
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
2.7 sq mi
ZIP Area
8,953
Density / Sq Mi
$89,213
Median Household Income
$59,700
Median Earnings
$2,096
Median Rent
$966,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multi-unit property in Pasadena's Madison Heights neighborhood with development potential.
Where is this triplex located?
The property is located at 892 S Marengo Pasadena, CA.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Prime location in the highly desirable Madison Heights neighborhood of Pasadena.; Significant development potential due to RM‑32 zoning and a large 12,342 sq. ft. lot, potentially allowing for approximately 9 units (buyer to verify).; Currently generates immediate rental income with three tenant‑occupied units.
