
Pasadena, California 91101
Analysis of 294 S Marengo, Pasadena, California 91101 is currently available with a list price of $1,089,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1978 and currently in a mid-demo state, the property is not move-in ready. The listing and images confirm that flooring has been stripped to the subfloor, bathrooms are partially dismantled, and the interior requires a full rehab to be functional.
The property boasts an exceptional walkability score, located within minutes of Old Pasadena, The Paseo, and premier retailers like Apple and Equinox, offering a high-end urban lifestyle.
With the interior already cleared and carpets removed, the home serves as a perfect blank slate for investors or owner-occupants looking to customize finishes and build immediate equity.
The spacious two-car garage provides rare ample storage capacity even with two vehicles parked inside, a significant functional advantage for townhouse living in a dense city center.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =218250, other record lot size in square feet = 217974.
At $755 per month, the association fees are relatively high, which may impact the overall affordability and debt-to-income ratios for prospective buyers.
The property requires immediate capital expenditure and construction as it is currently stripped of flooring, making it unsuitable for buyers seeking a turnkey residence.
FOR SALE – PASADENA OPPORTUNITY | 3 BED / 3 BATH | 1,439 SQ FT | 3-STORY HOME Located at 294 S. Marengo Ave., Pasadena, CA 91101, this three-story home presents an excellent opportunity in one of Pasadena’s most desirable locations. Featuring 3 bedrooms, 3 bathrooms, and 1,439 square feet of living space, this property offers a functional multi-level layout with strong potential. The home has been cleared and prepared for its next owner, with the existing carpet already removed to provide a clean slate for renovation. Whether you’re looking to modernize the space, create your dream home, or pursue a value-add investment, the property is ready for your personal touches and design preferences. HIGHLIGHTS: * 3 Bedrooms / 3 Bathrooms * Three-story floor plan * 1,439 Sq. Ft. of living space * Spacious 2-car garage with ample storage space, even with both vehicles parked inside * Cleared and ready for renovation, with existing carpet already removed * Walking distance to Old Pasadena and The Paseo, offering exceptional shopping, dining, and entertainment, including Panini Kabob Grill, Yard House, the Pasadena Convention Center, and a variety of popular restaurants and retailers * Just minutes from premium amenities, including Equinox Pasadena, Houston’s Restaurant, and premier shopping at Apple, Sephora, Patagonia, Anthropologie, Vuori, Madewell, as well as the Rivian and Tesla showrooms * Excellent opportunity for a remodel, investment, or owner-occupant looking to add value * Prime central Pasadena location with convenient access to major freeways and public transportation
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.7 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,439 | 1,448.316 |
| Lot Size | 218,250 | 30,305.947 |
| Price | $1.09M | $907.9K |
| Price per sq ft | $757 | $648 |
| Built year | 1978 | 1991 |
| HOA | $755.0 | $463 |
| Days on market | 35 | 44 |
Aug 25, 2026
$1,089,000
$1,099,000
-1% Price Drop
Initial Listing
Aug 5, 2026
$1,099,000
Initial Listing