REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by TONY MA, DRE #01931357 • Compass
$ 1,650,000
Est. payment | /mo
8,421 Sqft Lot
$ 1,650,000
Est. payment | /mo
8,421 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS26168777
Year Built 1953
Lot Size 8,421 Sqft
Source California Regional MLS
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. One 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 potenti
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Gas Hookup, 30
Exterior
Parking Features Assigned Spaces, Off-Street Parking
Garage Spaces 5.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 5746016073
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "