$1,798,000
About this home
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.
Facts & features
- Appliances
- Gas Range
- Flooring
- Carpet, Vinyl
- Fireplace
- None
- Heating
- Ductless, See Remarks, Wall Furnace
- Cooling
- Wall Window Units
- Laundry
- Laundry Room
- Levels
- Two
- Spa
- None
- Lot size
- 0.283 acres (12,335 sq ft)
- Pool
- None
- View
- Mountains
- Year built
- 1906
- Parking
- Driveway
- Parking spaces
- 3
- Area
- 647 - Pasadena (SW)
- County
- Los Angeles
- Community features
- Curbs, Street Lights, Sidewalks
- Status
- Active
- Property type
- Triplex
- Days on market
- 96
- Listed
- 2026-03-26
- Original price
- $1,998,000
- Terms
- Cash To New Loan
- Parcel #
- 5720022001
- MLS #
- AR26066054
