892 S Marengo Pasadena, CA $ 1,998,000
892 S Marengo
$ 1,998,000
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892 S Marengo

Pasadena, CA, 91106
$ 1,998,000
Baths1.0 Sq 2,556

Monthly Estimate*

$ 12,302

Listed by Art Del Rey Realty, Inc.
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View a Virtual Tour
Studio

Multi-Family Home for sale in Pasadena, CA

for $1,998,000 with 1 full bath. This 2,556 square foot home was built in 1906 on a lot size of 0.2832.

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.

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Multi-Family Active

Price

$ 1,998,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2832

Year Built

1906

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

AR26066054

Days on Market

3

Features
General
Sewer Public Sewer Sewer Tap Paid
Heating Ductless See Remarks Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Composition
Appliances Gas Range
HOA Fee 0
Garage Spaces 3
Pool Features None
Year Built 1906
Tenant Pays Electricity Gas
View Mountain(s)
Stories Count 2
Levels Two
Property Subtype Triplex
Gross Income 81296
Community Features Curbs Street Lights Sidewalks
County Los Angeles
Net Operating Income 71864
Operating Expense 9432.53
Insurance Expense 2719.3
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 6687
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions S/California
City Pasadena
Entry Location Front
Senior Community Y/N false
Number Of Units Total 3
MLS Area 647 - Pasadena (SW)
Lot Size Units Square Feet
Lot Size Square Feet 12335
Number of Units Leased 3
Listing Terms Cash to New Loan
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Trash Expense 904
Water Sewer Expense 2000
Additional Parcels Y/N false
Rent Control Y/N true
Virtual Tour https://view.aarephotoworks.com/order/4af6d600-1f15-439b-c33b-08de7f705d07?branding=false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Total Actual Rent 6775.44
Property Sub Type Additional Triplex
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Interior
Flooring Carpet Vinyl
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Laundry Room
Entry Level 1
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Exterior
Parking Features Driveway
Lot Features 2-5 Units/Acre Lawn Sprinklers Manual Street Level
Water Source Public
Total Parking 3
Lot Size Area 12335
Number of Buildings 3
Spa false
Building Area Total 2556
Lot Size Acres 0.2832
Private Pool false
Lot Size Source Assessor
Pool Charge 0
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Road Frontage Type City Street
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* Excluded Features
List By
Art Del Rey Realty, Inc.

Broker

Pameladelrey@yahoo.com

Email

Affordability Calculator

$12,302
Per Month
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Monthly Principal & Interest
$12,302
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2026$1,998,000 Listed Price

Map


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892 S Marengo, Pasadena, CA, 91106 is a Multi-Family Home for sale at $1,998,000 with 2,556 sqft and a lot size of 0.2832. 892 S Marengo is a studio with 1.0 baths and was built in 1906. The property's zip code is 91106 which is in Pasadena, CA