12-unit building (12 legal Studios converted to 1-bed layouts, Total Sq. Ft. 4,608) at 1837 E Colorado Blvd (APN: 5746-017-030, Lot Size 8,997) and an 8-unit building (1 three-bed two-bath and 7 one-bed one-bath units, Total Sq. Ft. 5,322) at 31 N Parkwood Ave (APN: 5746-017-092, Lot Size 10,103). Both properties are being sold together and concurrently as one combined 20-unit portfolio. These well-maintained buildings are located near Pasadena City College with strong current cashflow and consistent renter demand. The Colorado Blvd property features recently renovated units where all studios were converted into functional 1-bed layouts, along with updated interiors and improved efficiency. The Parkwood building offers a balanced mix of larger floorplans and stable tenancy. Both assets share onsite parking, landscaping, and operational efficiency. This 20-unit portfolio provides an excellent opportunity for an investor seeking steady income in a high-demand Pasadena rental corridor. Pasadena is one of the most recognized and desirable cities in Los Angeles County and is known for its strong rental market, centralized location, public transportation access, employment base, and popular local amenities where tenants can live, work, and play locally.
Property Details
Price:
$5,100,000
MLS #:
SB25268547
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
648pasadenase
Listed Date:
Dec 2, 2025
Total Sq Ft:
9,930
Lot Size:
19,100 sqft / 0.44 acres (approx)
Year Built:
1923
See this Listing
Schools
Interior
Laundry Features
CM
Exterior
Community Features
BIKI
Parking Spots
22
Financial
Maintenance Fee
$18,742
Map
Community
- Address1837 E Colorado Blvd Lot 4 Pasadena CA
- CityPasadena
- CountyLos Angeles
- Zip Code91107
Market Summary
Current real estate data for Single Family in Pasadena as of Dec 06, 2025
149
Single Family Listed
58
Avg DOM
537
Avg $ / SqFt
$1,924,518
Avg List Price
Property Summary
- 1837 E Colorado Blvd Lot 4 Pasadena CA is a Single Family for sale in Pasadena, CA, 91107. It is listed for $5,100,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1923. The average price per square foot for Single Family listings in Pasadena is $537. The average listing price for Single Family in Pasadena is $1,924,518.
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