Excellent Pasadena Fourplex in Prime Location. A rare opportunity to own a well-maintained four-unit property in a highly desirable Pasadena neighborhood. The front house features 3 bedrooms and 2 bathrooms, with a fireplace. Behind the main residence are three separate one-bedroom, one-bath units, all in excellent condition. Each unit offers its own washer and dryer hookups, separately metered for gas and electric, providing convenience for tenants and ease of management for the owner. The property has been consistently well cared for and reflects pride of ownership throughout. Ideally located near public transportation, Pasadena City College, and Caltech, this property is an excellent owner user opportunity to live in the front house and have rental income from the 3 well maintained units. ________________________________________
Sold for $1,600,000
$1,600,000
48 S Parkwood Ave, Pasadena, CA 91107
--beds
--baths
2,750sqft
Multi Family
Built in 1959
-- sqft lot
$1,586,800 Zestimate®
$582/sqft
$3,983 Estimated rent
Home value
$1,586,800
$1.44M - $1.75M
$3,983/mo
Zestimate® history
Owner options
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$3,983/mo
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$10,167/mo
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Zillow last checked:
Source: BHHS broker feed,MLS#: AR26026113
Facts & features
Interior
Appliances
- Included: Dryer
Features
- Has basement: No
Interior area
- Total structure area: 2,750
- Total interior livable area: 2,750 sqft
Property
Details
- Parcel number: 5747021005
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1959
Community & HOA
Location
- Region: Pasadena
Financial & listing details
- Price per square foot: $582/sqft
- Tax assessed value: $1,045,652
- Annual tax amount: $12,905
- Date on market: 4/2/2026
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Sold | $1,600,000+10.3%$582/sqft |
Source: Public Record Report a problem | ||
| 4/2/2026 | Pending sale | $1,450,000+78.6%$527/sqft |
Source: BHHS broker feed #AR26026113 Report a problem | ||
| 12/18/2018 | Listing removed | $1,800$1/sqft |
Source: Parkwood Realty Group #818005377 Report a problem | ||
| 11/1/2018 | Price change | $1,800-28%$1/sqft |
Source: Parkwood Realty Group #818005377 Report a problem | ||
| 10/27/2018 | Listed for rent | $2,500+35.1%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 7/17/2018 | Listing removed | $1,850$1/sqft |
Source: Parkwood Realty Group #818002654 Report a problem | ||
| 6/25/2018 | Price change | $1,850+5.7%$1/sqft |
Source: Parkwood Realty Group #818002654 Report a problem | ||
| 6/4/2018 | Listed for rent | $1,750$1/sqft |
Source: Parkwood Realty Group #818002654 Report a problem | ||
| 6/26/2009 | Sold | $812,000-7.6%$295/sqft |
Source: Public Record Report a problem | ||
| 5/16/2009 | Price change | $879,000-2.3%$320/sqft |
Source: NRT California #A09017118 Report a problem | ||
| 4/17/2009 | Price change | $899,999-5.2%$327/sqft |
Source: NRT California #A09017118 Report a problem | ||
| 3/15/2009 | Price change | $949,000-2.1%$345/sqft |
Source: NRT California #A09017118 Report a problem | ||
| 2/11/2009 | Listed for sale | $969,000$352/sqft |
Source: NRT California #A09017118 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,905 +5.1% | $1,045,652 +2% |
| 2024 | $12,275 +0.8% | $1,025,150 +2% |
| 2023 | $12,172 +3.5% | $1,005,050 +2% |
| 2022 | $11,760 +4.2% | $985,344 +2% |
| 2021 | $11,285 +4% | $966,024 +1% |
| 2020 | $10,848 | $956,120 +2% |
| 2019 | $10,848 -1.4% | $937,373 +2% |
| 2018 | $11,000 | $918,994 +2% |
| 2017 | $11,000 +1.2% | $900,976 +2% |
| 2016 | $10,875 +2.2% | $883,311 +1.5% |
| 2015 | $10,641 +3.1% | $870,043 +2% |
| 2014 | $10,322 | $853,001 +2.5% |
| 2012 | -- | $832,497 +2% |
| 2011 | -- | $816,174 +0.8% |
| 2010 | -- | $810,075 +25.7% |
| 2009 | -- | $644,300 +2% |
| 2008 | -- | $631,667 +4% |
| 2006 | -- | $607,140 |
| 2005 | -- | $607,140 +4% |
| 2004 | -- | $583,567 +47.7% |
| 2003 | -- | $395,000 |
| 2002 | -- | $395,000 +23.4% |
| 2000 | -- | $320,000 |
Find assessor info on the county website
Neighborhood: South East
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Nearby schools
GreatSchools rating
- 7/10Hamilton Elementary SchoolGrades: K-5Distance: 0.4 mi
- 2/10Learning Works SchoolGrades: 7-12Distance: 1.1 mi
- 7/10Pasadena High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$1,586,800
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,586,800
- California
- Los Angeles County
- Pasadena
- 91107
- South East
- 48 S Parkwood Ave