About this home

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.

Facts and features

Schools

• Blair High School

  middle · 6-12 · 0.3 mi

  4

• McKinley School

  elementary · K-8 · 0.9 mi

  2

• Mayfield Junior School

  elementary · K-8 · 0.6 mi

• Altadena Elementary School

  elementary · K-5 · 0.3 mi

  5

• Sequoyah School

  elementary · K-12 · 0.7 mi

• Waverly School, The

  elementary · K-12 · 0.7 mi

Price history

• Sep 28, 2026 · Price Changed$1,638,000
• Sep 18, 2026 · Price Changed$1,698,000
• Aug 29, 2026 · Relisted$1,748,000
• Aug 13, 2026 · Listing Removed—
• Jul 28, 2026 · Listed$1,748,000
• Jul 27, 2026 · Listing Removed—
• Jul 1, 2026 · Price Changed$1,798,000
• May 29, 2026 · Price Changed$1,898,000

Tax history

• 2025$14,360 tax · $1,205,794 assessed
• 2024$13,708 tax · $1,182,152 assessed
• 2023$13,592 tax · $1,136,249 assessed
• 2022$13,128 tax · $1,113,970 assessed
• 2021$12,596 tax · $1,092,128 assessed
• 2020$12,102 tax · $1,080,931 assessed
• 2019$12,133 tax · $1,059,738 assessed
• 2018$12,255 tax · $1,038,960 assessed

Home value

$1,731,000

• Collateral Analytics$1,731,000

Where it is