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DRIVE BY ONLY! We are pleased to offer this rare offering for a development opportunity on the ultra desirable S. Marengo Avenue. Title shows 5 units, but it is currently being operated as 4 rental units. Two units in the front building were converted into one unit. The property was slated for development of eight (8) townhome condominiums with the Tentative Tract Map approved by the City of Pasadena. The approval expired earlier this year, but a new buyer can go through the approval process again and develop the 8 condos. The condos range from 1,226 to 1,844 SF, 2 & 3 bedroom units. The front building has a 2+2 unit upstairs and 3+1 unit downstairs and is master metered for gas & electricity. The back building has two 1+1 units and is separately metered for gas & electricity. There is ample open parking on the large lot between the two buildings. OUT OF COURTESY & RESPECT PLEASE DO NOT DISTURB OR TALK TO TENANTS. THEY DO NOT KNOW IT IS FOR SALE. INSPECTION UPON ACCEPTED OFFER ONLY
Listing agent: Alexander Metaxas DRE #01784652 ametaxas@remaxcir.com, Listing office: Remax Commercial and Investmen
MLS data updated 10/31/2026, 11:26:57 PM PT
Source: CRMLS, MLS #: 13703049
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 31, 2013
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 91106 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.