31 N Parkwood Avenue, Pasadena, CA 91106

Pasadena
Local realty services provided by:ERA Carlile Realty Group
31 N Parkwood Avenue,Pasadena, CA 91106
$5,100,000
  • - Beds
  • - Baths
  • 9,930 sq. ft.
  • Multi-family
  • Pending
Listed by: handoko chen
Office: growth investment group pasade626-594-4900
MLS#:AR26037066
Source:CRMLS

Price summary

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

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,...

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Home facts

  • Year built:1958
  • Listing ID #:AR26037066
  • Added:162 day(s) ago
  • Updated:May 14, 2026 at 07:41 AM

Rooms and interior

  • Flooring:Laminate, Vinyl, Wood
  • Kitchen Description:Dishwasher, Disposal, Gas Range, Range Hood, Refrigerator
  • Living area:9,930 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Asphalt
  • Year built:1958
  • Building area:9,930 sq. ft.
  • Lot area:0.44 Acres
  • Lot Features:Landscaped, Lawn, Street Level, Value In Land
  • Construction Materials:Stucco
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$5,100,000
  • Price per sq. ft.:$513.6
  • Tax amount:$57,152

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:20
  • Parking description:8 Carport Space(s), Asphalt, Assigned, Detached Carport, Driveway
  • Garage:Yes
  • Garage spaces:2
  • Carport spaces:8
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