Prime Pasadena Multifamily Investment Opportunity! Located at 56 N. Parkwood Avenue, this five-unit Pasadena multifamily property features an attractive unit mix of 2 (2BD/1BA) units and 3 (1BD/1BA) units. Two of the 1-bedroom, 1-bathroom units is currently vacant and available for rent, providing immediate upside potential for investors and owner-users alike. A floor plan and interior photos of the vacant unit are included, allowing prospective buyers to evaluate the layout, condition, and rental potential. Ideally situated near Caltech, Pasadena City College, Huntington Hospital, Old Town Pasadena, and the South Lake Avenue shopping and dining district, the property benefits from strong rental demand and convenient access to major employment centers, public transportation, parks, and entertainment. Whether you’re seeking stable cash flow, future rental growth, or a long-term hold in a high-demand market, this Pasadena multifamily property offers an exceptional investment opportunity. With its desirable unit mix, prime location, and immediate leasing opportunity, 56 N. Parkwood Avenue is well-positioned for both current income and long-term appreciation. Don’t miss this chance to own a five-unit Pasadena investment property with strong fundamentals and significant upside potential.
Property Details
Price:
$1,650,000
MLS #:
WS26119724
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
648pasadenase
Listed Date:
Jun 3, 2026
Total Sq Ft:
3,377
Lot Size:
8,421 sqft / 0.19 acres (approx)
Year Built:
1953
See this Listing
Schools
Interior
Cooling
WW
Heating
WL
Laundry Features
GAS, WH
Levels
A, U
Exterior
Common Walls
_2CW
Community Features
SDW, SL
Garage Spaces
2
Parking Spots
5
Parking Total
5
Financial
Map
Community
- Address56 N Parkwood Pasadena CA
- CityPasadena
- CountyLos Angeles
- Zip Code91107
Market Summary
Current real estate data for Single Family in Pasadena as of Jun 06, 2026
334
Single Family Listed
58
Avg DOM
565
Avg $ / SqFt
$1,818,934
Avg List Price
Property Summary
- 56 N Parkwood Pasadena CA is a Single Family for sale in Pasadena, CA, 91107. It is listed for $1,650,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1953. The average price per square foot for Single Family listings in Pasadena is $565. The average listing price for Single Family in Pasadena is $1,818,934.
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