$1,898,000
-$100,000892 S Marengo, Pasadena CA 91106
Multi-Family (Triplex)
Property type
71 days
On market
$743
Price per sqft
3 cars
Garage
1906
Year built
12,335 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Pamela DelRey DRE #00864033 626-358-4560, Art Del Rey Realty, Inc.
Listing updated: May 30, 2026 at 01:16pm.
Last checked: Jun 2, 2026 at 04:00pm
Source: CRMLS #AR26066054
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | 1 | $3,256 | $3,256 | $3,500 | Unfurnished |
| 1 | 2 | 1 | 1 | $1,261 | $1,261 | $1,600 | Unfurnished |
| 1 | 2 | 1 | 1 | $2,258 | $2,258 | $2,400 | Unfurnished |
# of Buildings: 3
# of Units Total: 3
Separate Electric Meters: 3
Separate Gas Meters: 3
Separate Water Meters: 1
Carpet: 3
Ranges: 3
Rent Control: Yes
Units Leased: 3
Total Actual Rent: $6,775
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
23.3x
List Price / Annual Gross Rent
Cap Rate
3.79%
NOI / List Price
Gross Scheduled Income: $81,297
Operating Expense: $9,433
Net Operating Income: $71,864
Annual Operating Expenses
Gardener: $1,680
Insurance: $2,719
Licenses: $250
Maintenance: $6,687
Pest Control: $2,545
Pool: $0
Trash: $904
Water / Sewer: $2,000
Interior
Flooring: Carpet, Vinyl
Cooling: Wall Window Units
Heating: Ductless, Wall Furnace
Appliances: Gas Range
Fireplace: None
Laundry: Laundry Room
Entry Location: Front
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Roof: Composition
Common Walls: No Common Walls
Lot Features: Two To Five Units Acre, Lawn, Sprinklers Manual, Street Level
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer, Sewer Tap Paid
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Mountains
Road Frontage Type: City Street
Garage and Parking
Parking: Driveway
Garage Spaces: 3
Parking Total: 3
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5720022001
Additional Parcels: No
Tax Lot: 1
Tax Block: O
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 892 S Marengo, Pasadena, CA 91106. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,518,400
Total Interest
$1,936,636
Total Payment
$3,455,036
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,724
per month
Property History for 892 S Marengo
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91106.
Similar Homes
Listings with similar prices to 892 S Marengo