Description
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 3 separate tenant-occupied units: 894 S. Marengo: 3 Bedrooms, 2 Baths, ( front house) 892 S. Marengo: 2 Bedrooms, 1 bath ( middle house and 896 S. Marengo 2 BR, 1 BA ( back house) 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.
Details
| MLS # | AR26164327 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1906 |
| Days On Site | 35 |
| Listing Provided By | Art Del Rey Realty, Inc. | Pamela DelRey |
Features
| SQ Feet | 2,556 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 3 |
| Zoning | RM-32 |
| Acreage | 0.28 |
| Property View | Yes |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | See Remarks, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Bedroom On Main Level |
| Appliances | Gas Range |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
| Lot Features | Two To Five Units Acre, Back Yard, Front Yard, Near Park, Near Public Transit, Sprinklers Manual, Street Level, Value In Land |
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Sewer Tap Paid |
Location
| Community Features | Curbs, Street Lights, Suburban, Sidewalks, Park |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91106 |
| Area | 647 Pasadena (SW) |
| Listing VS Median (in 91106) | |
Price: $1,748,000 low | high Med: $795,000 sqft: 2,556 low | high Med: 1,282 $ / sqft: $684 low | high Med: $620 On site: 35 low | high Med: 28 | |
Market Activity 91106
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91106 |
| Area | 647 Pasadena (SW) |
| Listing VS Median (in 91106) | |
Price: $1,748,000 low | high Med: $795,000 sqft: 2,556 low | high Med: 1,282 $ / sqft: $684 low | high Med: $620 On site: 35 low | high Med: 28 | |
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