892 S Marengo, Pasadena, CA, CA 91106
- $1,748,000
- List Price
- $1,748,000
- Status
- ACTIVE
- MLS#
- AR26164327
- County
- Los Angeles
- Year Built
- 1906
- Building Square Feet
- 2,556
- Square Feet
- 12,335
- Days on Market
- 1
- Property Type
- Multifamily
- Style
- Craftsman
Property 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.
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Additional Information
- Parcel Number
- 5720022001
- Rent Control
- Yes
- Gross Scheduled Income
- $81,300
- Operating Expense
- 9433
- Net Operating Income
- $71,864
- Number of Buildings
- 3
- Lot Features
- 2-5 Units/Acre, Back Yard, Front Yard, Near Park, Near Public Transit, Sprinklers Manual, Street Level, Value In Land
- Security Features
- Carbon Monoxide Detector(s), Smoke Detector(s)
- Appliances
- Gas Range
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Heat
- See Remarks, Wall Furnace
- Cooling
- Yes
- View
- Mountain(s)
- Roof
- Composition
- Garage Spaces Total
- 3
- Sewer
- Sewer Tap Paid
- Water
- Public
- Community Features
- Curbs, Street Lights, Suburban, Sidewalks, Park
Listing courtesy of Listing Agent: Pamela DelRey (Pameladelrey@yahoo.com) from Listing Office: Art Del Rey Realty, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.