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31 N Parkwood, 
Pasadena, CA 91107

$5,100,000


Bed


Bath


9,930

Sq Ft


Multi-Family

Active

Listed by

Brett Lyon

Woody Stahl

Lyon Stahl Investment Real Estate, Inc.

Lyon Stahl Investment Real Est

310-425-9838

Last updated:

December 18, 2025, 02:28 PM

MLS#

SB25268517

Source:

CRMLS

About This Home

31 N Parkwood

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.

Home Facts

Multi-Family

Built in 1958

Price Summary

5,100,000

$513 per Sq. Ft.

MLS #:

SB25268517

Last Updated:

December 18, 2025, 02:28 PM

Added:

16 day(s) ago


Rooms & Interior

Interior

Living Area:

9,930 Sq. Ft.


Structure

Structure

Building Area:

9,930 Sq. Ft.

Year Built:

1958


Lot

Lot Size (Sq. Ft):

19,101


Finances & Disclosures

Finances

Price:

$5,100,000

Price per Sq. Ft:

$513 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of December 18, 2025 . 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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