56 N Parkwood Pasadena, CA $ 1,650,000
56 N Parkwood
$ 1,650,000
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56 N Parkwood

Pasadena, CA, 91107
$ 1,650,000
Baths1.0 Sq 3,377

Monthly Estimate*

$ 10,159

Listed by Compass
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Studio

Multi-Family Home for sale in Pasadena, CA

for $1,650,000 with 1 full bath. This 3,377 square foot home was built in 1953 on a lot size of 0.1933.

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.

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Multi-Family Active

Price

$ 1,650,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1933

Year Built

1953

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

WS26119724

Days on Market

1

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
HOA Fee 0
Garage Spaces 2
Pool Features None
Year Built 1953
Tenant Pays Electricity Gas
Stories Count 1
Levels One Two
Property Subtype Apartment
Gross Income 103248
Community Features Street Lights Sidewalks
County Los Angeles
Net Operating Income 30065
Operating Expense 51221
Insurance Expense 6660
New Construction false
Property Type Residential Income
HOA false
Contingency None
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions North of Colorado Blvd. and South of Foothill Blvd.
City Pasadena
Entry Location Front door
Senior Community Y/N false
Open Parking Spaces 3
Number Of Units Total 5
MLS Area 648 - Pasadena (SE)
Lot Size Units Square Feet
Lot Size Square Feet 8421
Number of Units Leased 4
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Trash Expense 10805
Water Sewer Expense 3680
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 21
Total Actual Rent 103248
Property Sub Type Additional Apartment
Taxes 20625
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Interior
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup Gas Dryer Hookup
Entry Level 1
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Exterior
Parking Features Assigned On Street
Lot Features Front Yard Rectangular Lot
Water Source Public
Total Parking 5
Lot Size Area 8421
Number of Buildings 2
Building Area Total 3377
Lot Size Acres 0.1933
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 6
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* Excluded Features
List By
Compass

Broker

brokertonyma@gmail.com

Email

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$10,159
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$10,159
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/3/2026$1,650,000 Listed Price

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56 N Parkwood, Pasadena, CA, 91107 is a Multi-Family Home for sale at $1,650,000 with 3,377 sqft and a lot size of 0.1933. 56 N Parkwood is a studio with 1.0 baths and was built in 1953. The property's zip code is 91107 which is in Pasadena, CA