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For sale
  • Listed by: Compass • TONY MA • Contact: 626-759-4812
    $1,650,000

    56 N Parkwood Ave, Pasadena, CA 91107

    7beds
    5baths
    3,377sqft
    : 
    $10,258/mo
    Get pre-qualified
    Multi Family
    Built in 1953
    -- sqft lot
    $-- Zestimate®
    $489/sqft
    $-- HOA

    What's special

    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
    |
    209
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    TONY MA DRE #01931357 626-759-4812,

    Compass

    Source: CRMLS,MLS#: WS26168777MLS LogoOriginating 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
      • Total actual rent: 103248
      • Tenant pays: Electricity, Gas

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,176/mo

        Price history

        DateEventPrice
        8/3/2026Listed for sale$1,650,000+25%$489/sqft
        Source: CRMLS #WS26168777 Report a problem
        1/6/2017Sold$1,320,000+94.1%$391/sqft
        Source: Public Record Report a problem
        4/21/2004Sold$680,000+77.1%$201/sqft
        Source: Public Record Report a problem
        12/12/2001Sold$384,000$114/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $1,562,605 +2%
        2025$18,536 +5%$1,531,967 +2%
        2024$17,660 +0.8%$1,501,929 +2%
        2023$17,513 +3.5%$1,472,480 +2%
        2022$16,914 +4.2%$1,443,609 +2%
        2021$16,226 +4.1%$1,415,304 +1%
        2020$15,587 $1,400,793 +2%
        2019$15,587 -2%$1,373,327 +2%
        2018$15,911 $1,346,400 +31.9%
        2017$15,911 +28.4%$1,020,881 +2%
        2016$12,394 +2.2%$1,000,865 +1.5%
        2015$12,124 +3.1%$985,832 +2%
        2014$11,763 $966,522 +34.1%
        2012-- $721,000
        2011-- $721,000 -21.6%
        2009-- $920,066 +2%
        2008-- $902,026 +2%
        2007-- $884,340 +2%
        2006-- $867,000 +117.3%
        2004-- $398,992 +1.9%
        2003-- $391,680 +2%
        2002-- $384,000 +13.5%
        2000-- $338,390
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Mid Central

        Getting around

        87 / 100
        Very Walkable
        63 / 100
        Good Transit
        69 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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