31 N Parkwood
Pasadena, CA, 91107
$5,100,000
Beds
0 Baths
0 SqFt
0.44 Acres
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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 #:
SB25268517
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
648pasadenase
Listed Date:
Dec 5, 2025
Total Sq Ft:
9,930
Lot Size:
19,100 sqft / 0.44 acres (approx)
Year Built:
1958
648 – Pasadena (se)648pasadenase

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Schools

Interior

Laundry Features
CM

Exterior

Community Features
BIKI
Parking Spots
22

Financial

Gross Operating Income
$454,495
Maintenance Fee
$18,742
Net Operating Income
$306,279

Map

Community

Market Summary

Current real estate data for Single Family in Pasadena as of Jan 20, 2026
142
Single Family Listed
36
Avg DOM
446
Avg $ / SqFt
$1,502,728
Avg List Price

Property Summary

    31 N Parkwood 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 1958. The average price per square foot for Single Family listings in Pasadena is $446. The average listing price for Single Family in Pasadena is $1,502,728.

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