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31 N Parkwood Pasadena, CA 91107
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25268517
HOA Y/N No
Year Built 1958
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Carport Spaces 8
Garage Description 2.0
Pool None
Community Features Biking
Total Parking Spaces 18
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5746017092
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Lease Land No
Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc. 3107801899