892 S Marengo
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.
Broker Details
Art Del Rey Realty, Inc. (626) 358-4560
MLS ID: A31279 State License Number: 00864033
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,698,000 |
| No. of Units: | 3 |
| Year Built: | 1906 |
| Opportunity Zone: | No |
| Price per unit: | $566,000 |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 4 |
ID: 3yd-MRMLSCA-AR26164327
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