31 N Parkwood Avenue, Pasadena, CA 91106

Pasadena
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
31 N Parkwood Avenue,Pasadena, CA 91106
$5,100,000
Virtual Tour
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: handoko chen
Office: growth investment group pasade
MLS#:AR26037066
Source:San Diego MLS via CRMLS

Price summary

  • Price:$5,100,000

About this home

Priced at a LOSS for FAST CLOSE (Seller Retiring)! Rare 6.95% CAP 20-Unit Upgraded Portfolio in Prime Central Pasadena Steps from PCC & Caltech, Fully Upgraded, In-Unit Laundry, Zero Relocation Hassles, Built-In Tenant Demand. 31 N Parkwood and 1837 E Colorado Blvd, a premier 20-unit apartment portfolio located in the heart of Pasadena, CA. Situated just steps from Pasadena City College (PCC) and blocks from the California Institute of Technology (Caltech), this portfolio represents a rare convergence of Turnkey Condition and High Yield Returns (6.95% Cap Rate) in a high-barrier-to-entry market. The Seller is highly motivated and retiring, offering this asset at a price significantly below their acquisition cost. This is a unique chance for an investor to step into a stabilized, high-cash-flow asset immediately, bypassing the capital exposure and time delays of renovation. Combine that with fully upgraded units featuring in-unit laundry, market rents already in place, and zero...

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Home facts

  • Listing ID #:AR26037066
  • Added:78 day(s) ago
  • Updated:May 09, 2026 at 07:32 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Construction Materials:Stucco
  • Levels:2 Story

Finances and disclosures

  • Price:$5,100,000
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