$1,650,000
About this home
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.
Facts & features
- Fireplace
- None
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
- Laundry
- Washer Hookup, Gas Dryer Hookup
- Levels
- One, Two
- Lot size
- 0.193 acres (8,421 sq ft)
- Pool
- None
- Year built
- 1953
- Parking
- Assigned, On Street
- Parking spaces
- 5
- Area
- 648 - Pasadena (SE)
- County
- Los Angeles
- Community features
- Street Lights, Sidewalks
- Status
- Active
- Property type
- Apartment
- Days on market
- 41
- Listed
- 2026-06-03
- Terms
- Cash, Cash To New Loan, Conventional, Exchange 1031
- Parcel #
- 5746016073
- MLS #
- WS26119724
