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$1,748,000
AR26164327 MLS ⋅ Active Status
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.

892 S Marengo, Pasadena
$1,499,000
SR26132517 MLS ⋅ Active Status
Welcome to this beautifully upgraded multi-unit property in the highly sought-after Bristol Cypress neighborhood of Pasadena. Situated on a large lot, this rare offering includes three separate addresses — 523, 525, and 527 Lincoln Ave — and delivers both immediate value and long-term upside. Over the past three years, the property has undergone extensive improvements. All three units feature upgraded electrical panels, with costly underground wiring completed for long-term reliability. Each unit has been refreshed with new flooring, cabinets, interior paint, and appliances, creating a modern, turnkey living experience. Exterior upgrades include repaired wood siding, fresh exterior paint, new front fencing with a rolling gate, and low-maintenance artificial turf. The carport has been improved with newly poured concrete and a roof featuring partially new shingles, adding both functionality and durability. The front home (527 Lincoln Ave) offers 2 bedrooms and 1 bathroom, while the rear duplex (523 & 525 Lincoln Ave) consists of two 1-bedroom, 1-bath units, each with a comfortable living area. All three units have separate gas and electrical meters, with water currently serviced by a single meter to the front unit. The property will be delivered without existing occupants, presenting an ideal opportunity for owner-occupants, investors, or developers. Live in one and rent the others, or maximize income across all three units. The expansive lot also provides future development potential, with the possibility of adding additional multi-unit structures at the rear (buyer to verify with the City of Pasadena). Just minutes from the Rose Bowl and close to Pasadena’s popular dining, shopping, and vibrant downtown scene, this property combines location, condition, and upside — a rare find in one of Pasadena’s most desirable neighborhoods.

523 Lincoln, Pasadena
$1,499,000
4 Beds ⋅ 3 Baths ⋅ SR26132481 MLS ⋅ Active Status
Welcome to this beautifully upgraded multi-unit property in the highly sought-after Bristol Cypress neighborhood of Pasadena. Situated on a large lot, this rare offering includes three separate addresses — 523, 525, and 527 Lincoln Ave — and delivers both immediate value and long-term upside. Over the past three years, the property has undergone extensive improvements. All three units feature upgraded electrical panels, with costly underground wiring completed for long-term reliability. Each unit has been refreshed with new flooring, cabinets, interior paint, and appliances, creating a modern, turnkey living experience. Exterior upgrades include repaired wood siding, fresh exterior paint, new front fencing with a rolling gate, and low-maintenance artificial turf. The carport has been improved with newly poured concrete and a roof featuring partially new shingles, adding both functionality and durability. The front home (527 Lincoln Ave) offers 2 bedrooms and 1 bathroom, while the rear duplex (523 & 525 Lincoln Ave) consists of two 1-bedroom, 1-bath units, each with a comfortable living area. All three units have separate gas and electrical meters, with water currently serviced by a single meter to the front unit. The property will be delivered without existing occupants, presenting an ideal opportunity for owner-occupants, investors, or developers. Live in one and rent the others, or maximize income across all three units. The expansive lot also provides future development potential, with the possibility of adding additional multi-unit structures at the rear (buyer to verify with the City of Pasadena). Just minutes from the Rose Bowl and close to Pasadena’s popular dining, shopping, and vibrant downtown scene, this property combines location, condition, and upside — a rare find in one of Pasadena’s most desirable neighborhoods.

523 Lincoln, Pasadena

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.