Pasadena Multifamily Investment
902 S Marengo Ave, Pasadena, CA 91106
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Six-unit multifamily property in Pasadena's Madison Heights neighborhood.
Type:Multifamily
Property size:
3,192 SFLot size:
0.18 AcresPrice / SF:
$689/SF- Added:
- Feb 20, 2026
- Days on Market:
- 82
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 902 S Marengo Ave
General Information
- Standard status
- Active
- Size
- 3,192 SF
- Lot size
- 0.18 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing agent Handoko Chen License #CA 01749321
Listing office Growth Investment Group (626) 224-2495
Listing date Feb 20, 2026
Source Crexi
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 Growth Investment Group
HighLights
- Prime A‑Class Location in Pasadena's Madison Heights: Walkable to ArtCenter, Huntington Hospital, Whole Foods, and Old Pasadena (Walk Score 86).
- High 5% CAP Rate: Immediate cash flow with potential for appreciation.
- ADU Potential: 4‑car garage prime for conversion to Additional Dwelling Units.
- Strong Tenant Profile: Proven appeal to high‑caliber tenants including ArtCenter students and Caltech professionals.
- Value‑Add Opportunity: Mix of renovated and unrenovated units allows for strategic upgrades to increase rental income.
- Desirable Features: Includes a mix of original charm and modern upgrades.
Overview
Located in Pasadena's Madison Heights neighborhood, this six-unit multifamily property offers a blend of classic charm and modern upgrades. The property, situated on a 7,749 square foot lot, consists of a fourplex built in 1928 and a duplex built in 1956, totaling 3,192 square feet. The unit mix includes four one-bedroom, one-bathroom units and two large studios. Some units have been fully renovated with in-unit laundry, while others feature targeted upgrades and share seller-owned machines. The front building, featuring colonial architecture, comprises four units with high ceilings, original hardwood floors, and mini-split HVAC systems. The back building contains two one-bedroom units, one of which has a large private backyard and the other a large private deck. The property is overparked with four garages and two carports. Utilities are individually metered. The location provides convenient access to ArtCenter College of Design, Huntington Hospital, Whole Foods, and Old Pasadena. The property is near the 110 Freeway, offering easy access to Downtown LA, as well as the 210 and 134 freeways for access to Burbank and Glendale.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.1457529
- Latitude
- 34.1613448
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in Pasadena's Madison Heights neighborhood.
Where is this apartment building located?
The property is located at 902 S Marengo Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime A‑Class Location in Pasadena's Madison Heights: Walkable to ArtCenter, Huntington Hospital, Whole Foods, and Old Pasadena (Walk Score 86).; High 5% CAP Rate: Immediate cash flow with potential for appreciation.; ADU Potential: 4‑car garage prime for conversion to Additional Dwelling Units.
