902 S MARENGO Avenue, Pasadena, CA 91106

• 3,192 sqft

Property Description

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 tim

Listing Status:

Active

Date Added:

February 27, 2026

Data Last Updated:

April 1, 2026 at 11:09PM

Listing Office:

Growth Investment Group Pasade : 626-594-4900

Listing Agent:

Handoko Chen : 626-224-2495

MLS ID:

CRAR26043987

Interior

• Appliances: Dryer
• Laundry: DryerWasherOther
• Flooring: VinylWood
• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Exterior

• Parking: AssignedOtherPrivateUncovered Parking Space

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: 5720022006
• View: City Lights

Financial

• Source: CRMLS