31 N Parkwood, Pasadena, CA 91107

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
31 N Parkwood,Pasadena, CA 91107
$5,100,000
  • - Beds
  • - Baths
  • 9,930 sq. ft.
  • Multi-family
  • Active
Listed by: brett lyon, woody stahl
Office: lyon stahl investment real estate, inc.
MLS#:SB25268517
Source:CRMLS

Price summary

  • Price:$5,100,000
  • Price per sq. ft.:$513.6

About this home

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.

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Home facts

  • Year built:1958
  • Listing ID #:SB25268517
  • Added:58 day(s) ago
  • Updated:January 25, 2026 at 02:34 PM

Rooms and interior

  • Living area:9,930 sq. ft.

Structure and exterior

  • Year built:1958
  • Building area:9,930 sq. ft.
  • Lot area:0.44 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,100,000
  • Price per sq. ft.:$513.6
Based on information from California Regional Multiple Listing Service, Inc. as of January 30, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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