902 S Marengo Avenue, Pasadena, CA 91106
Local realty services provided by:ERA Carlile Realty Group
902 S Marengo Avenue,Pasadena, CA 91106
$1,890,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: handoko chen
Office: growth investment group pasade626-594-4900
MLS#:AR26043987
Source:CRMLS
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Price summary
- Price:$1,890,000
About this home
Prime 6-Unit Multifamily in Pasadena's Coveted Madison Heights – Walk Score 86, Steps from ArtCenter College of Design campus, Huntington Hospital, Whole Foods, Old Pasadena, and Metro Gold Line. 5% CAP Rate in an A-Class Location – Fantastic Demographics, Nearby many new Townhomes/Condominiums, 4 car garage prime for 2 ADUs, Many CAPEX Completed.
902 S Marengo Ave, a rare 6-unit multifamily gem in Pasadena's elite Madison Heights neighborhood. This property represents a rare "Value-Add" play in a Class-A location, offering a high 5% CAP rate with significant potential for further appreciation through ADU development and long-term improvements. This garden-style asset sits in an A-location, steps from ArtCenter College of Design, Whole Foods, Shake Shack, and a short walk to Old Pasadena's vibrant scene, the Pasadena Playhouse, and Metro Gold Line. With a Walk Score of 86, Fantastic Demographics of $163k in a-mile radius, and proven appeal to high-caliber tenants (including international ArtCenter students and Caltech professionals), it delivers effortless leasing and superior retention – most units rent to young pros seeking walkable luxury.
Built in 1928 (fourplex) and 1956 (duplex) per online permits from city’s website, the 3,192 SF property on a 7,749 SF lot boasts timeless charm: high ceilings, abundant windows, original hardwoods in the front building, plus modern touches like mini-split HVAC, upgraded electrical, and recent exterior paint. Unit mix includes 4 x 1BD/1BA and 2 x large studios. Two units fully renovated with in-unit laundry; others feature targeted upgrades and share seller-owned machines. Overparked with 4 garages (ADU-ready), 2 carports, and open spaces; individually metered utilities streamline ops.
The front building has a colonial architecture charm and consists of 4 units (2 x 1bed+1bath and 2 x Studio units). All 4 units have high ceiling, original hardwood floor, plenty of windows, mini-split HVAC, ceiling fans, tiled kitchen and bathroom. 1 unit has been fully upgraded with modern upgrades like newer flooring, new bathroom, new kitchen, and in-unit laundry.
The back building was built in 1956 and consists of 2 x 1bed units. The bottom unit has been fully upgraded with new flooring, new kitchen, and in-unit laundry. It has large private backyard. The upstairs unit has a large private deck....
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Home facts
- Year built:1956
- Listing ID #:AR26043987
- Added:110 day(s) ago
- Updated:June 18, 2026 at 06:50 AM
Rooms and interior
- Flooring:Vinyl, Wood
- Kitchen Description:Disposal, Freezer, Gas Oven, Gas Range, Refrigerator
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Roof:Shingle
- Year built:1956
- Lot Features:Landscaped, Lawn, Near Park, Near Public Transit, Rectangular Lot, Street Level, Value In Land
- Architectural Style:Colonial, Mid Century Modern
- Foundation Description:Raised, Slab
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,890,000
- Tax amount:$28,294
Features and amenities
- Appliances:Disposal, Dryer, Freezer, Washer
- Laundry features:Dryer, Washer
- Amenities:Ceiling Fans, Partially Furnished, Quartz Counters, Recessed Lighting, Storage, Water Heater
Parking
- Total parking spaces:8
- Parking description:2 Carport Space(s), Assigned, Attached Carport, Carport, Garage, Private, Uncovered
- Garage:Yes
- Garage spaces:4
- Carport spaces:2
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