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892 S MarengoPasadena, CA 91106

Multi-Family · 2,556 Sq. ft. | 0.28 Acres
$1,898,000 Active

892 S Marengo Overview

Time on Site:
95 days
Visits:
0

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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892 S Marengo Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,556
  • Price/Sq.ft. $743
  • Lot 0.28 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Gardener Expense: 1680.0
  • Gross Income: 81296.0
  • Gross Scheduled Income: 81296.8
  • Insurance Expense: 2719.3
  • Maintenance Expense: 6687.0
  • Net Operating Income: 71864.0
  • Operating Expense: 9432.53
  • Trash Expense: 904.0
  • Water Sewer Expense: 2000.0

Building Information

  • New Construction: No
  • Year Built: 1906

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: 647 - Pasadena (SW)
  • Postal City: PASADENA

Community/Development

  • Community Features: Curbs,Street Lights,Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Electricity,Gas

General Information

  • Listing Terms: Cash to New Loan
  • Parcel Number: 5720022001
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 3.0
  • Garage: Yes

Building Interior

  • Building Area Total: 2556.0
  • Building Area Units: Square Feet

General Information

  • Appliances: Gas Range
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: Front
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet,Vinyl
  • Laundry Features: Laundry Room
  • Levels: Two
  • Spa Features: None
  • Spa: No
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: Driveway
  • Parking Total: 3.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre,Lawn,Sprinklers Manual,Street Level
  • Lot Size Acres: 0.2832
  • Lot Size Area: 12335.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12335.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: No
    • Roof: Composition

    General Information

    • Number Of Units Leased: 3
    • Number Of Units Total: 3
    • Pool Features: None
    • Pool Private: No
    • Road Frontage Type: City Street
    • Sewer: Public Sewer,Sewer Tap Paid
    • Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

    892 S Marengo Neighborhood

    Community

    91106 (PASADENA) Demographics

    34
    Median Age
    8,554
    Population Density (per sq. mile)
    67%
    College Educated
    $84,782
    Estimated Median Income
    3,685
    Estimated Total Home Owners
    6,972
    Estimated Total Renters
    35% / 65%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    892 S Marengo Monthly Cost

    $
    $ %
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    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    892 S Marengo Market Data

    Based on the last 30 days in this zip code

    $2,112,711
    Average List Price
    $989
    Average Price per Square Foot
    15
    Properties Sold
    93
    Average Days on Market
    126
    Properties for Sale
    Calculations provided by Reliance Network

    892 S Marengo History

    Date Event Value Agent
    5/29/2026Source: CRMLS Price Reduction
    $1,898,000 -5.0%
    3/26/2026Source: CRMLS Added to Database
    March 26, 2026
    Listing provided courtesy of Art Del Rey Realty, Inc.Pamela DelRey- MLS# AR26066054MLS ProviderContact Information: [email protected] - 626-358-4560
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