892 S Marengo, Pasadena, California 91106, Pasadena, 91106 - 0 bed, 0 bath
Loading property details...
892 S Marengo
Pasadena, California 91106
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,556Sq Ft
12,335Lot Size
Property Price
LIST PRICE$1,748,000
SUMMARY
Analysis of 892 S Marengo, Pasadena, California 91106 is currently available with a list price of $1,748,000. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1906, this property is well over the 30-50 year threshold for a poor rating without significant renovation. The listing emphasizes land value and development potential for 9 units rather than the condition of the existing structures. Exterior images show significant cracking in the driveway and aged shingle siding, and the absence of interior kitchen or bathroom photos suggests the units likely require substantial rehabilitation to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the prestigious Madison Heights neighborhood of Pasadena, the property benefits from high desirability and strong long-term value appreciation in a sought-after residential pocket.
- Significant Development Potential
Zoned RM-32 on an expansive 12,342 sq.ft. lot, this property offers a rare opportunity to potentially develop up to 9 units, providing massive upside for developers and investors.
- Immediate Cash Flow
The existing triplex configuration with three separate tenant-occupied units allows for immediate rental income, helping to offset carrying costs during the entitlement or planning phases.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
With the original structures dating back to 1906, the property likely requires substantial maintenance, system upgrades, or seismic considerations if the existing buildings are to be preserved.
- Tenant Occupancy Complexity
The presence of tenants in all three units may present challenges for immediate redevelopment or owner-occupancy due to local tenant protection laws and relocation requirements.
About 892 S Marengo
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1906
- Lot Size
- 12,335 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.7 |
| Square foot | 2,556 | 2,036.143 |
| Lot Size | 12,335 | 9,244.429 |
| Price | $1.75M | $1.19M |
| Price per sq ft | $684 | $581 |
| Built year | 1906 | 1937 |
| HOA | $0 | $0 |
| Days on market | 43 | 79 |
Pricing History
Listed for Sale
Jul 28, 2026
$1,748,000
Initial Listing