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 potential.
81 days
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209
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5
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Zillow last checked:
Listing updated:
Listed by:
TONY MADRE #01931357626-759-4812,
Compass
Source: CRMLS,MLS#: WS26168777Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 5
Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
Appliances
Laundry: Washer Hookup, Gas Dryer Hookup
Features
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 3,377
Total interior livable area: 3,377 sqft
Property
Parking
Total spaces: 5
Parking features: Assigned, On Street
Garage spaces: 2
Uncovered spaces: 3
Features
Levels: One,Two
Stories: 1
Entry location: Front door
Pool features: None
Lot
Size: 8,421 Square Feet
Features: Front Yard, Rectangular Lot
Details
Parcel number: 5746016073
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes
Condition
New construction: No
Year built: 1953
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Street Lights, Sidewalks
Location
Region: Pasadena
Financial & listing details
Price per square foot: $489/sqft
Tax assessed value: $1,562,605
Date on market: 8/3/2026
Cumulative days on market: 81 days
Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange