Millman Team Real Estate

$1,650,000
0.19 Acre Lot

56 N Parkwood, Pasadena, California 91107

  • Residential Income Property Type
  • Assigned Cars Garage
  • 1953 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
WS26119724
$1,650,000
1953
0.19 Acre
Active
1
Apartment
Features
: None
: Wall Furnace
: Wall/Window Unit(s)
: None
: Assigned, On Street
: Washer Hookup, Gas Dryer Hookup
: Public Sewer
$0
Address Map
CA
Los Angeles
Pasadena
91107
Parkwood
56
W119° 53' 18.7''
N34° 8' 49.8''
North of Colorado Blvd. and South of Foothill Blvd.
648 - Pasadena (SE)
N
Additional Information
$0
$0
$0
$0
$0
3377
: Sidewalks, Street Lights
1
2.0
: One, Two
: Front Yard, Rectangular Lot
5
2026-06-03
1
2
: Public
Broker/Agent Information
Compass
TONY MA
Listing Information
WS78979
21673
Cash,Cash to New Loan,Conventional,1031 Exchange
Active
2026-06-08T18:18:53Z
CRMLS
: Standard
2026-06-03T09:44:53Z
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us