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.
AGENT: TONY MA LISTING BROKERAGE: Compass
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 56 N Parkwood
Pasadena, CA
Property Details
Price:
$1,650,000
MLS #:
WS26119724
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
648pasadenase
Listed Date:
Jun 3, 2026
Total Sq Ft:
3,377
Lot Size:
8,421 sqft / 0.19 acres (approx)
Year Built:
1953
648 – Pasadena (se)648pasadenase
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Schools
Interior
Cooling
WW
Heating
WL
Laundry Features
GAS, WH
Levels
A, U
Exterior
Common Walls
_2CW
Community Features
SDW, SL
Garage Spaces
2
Parking Spots
5
Parking Total
5
Financial
Net Operating Income
$74,071
Map
Community
- Address56 N Parkwood Pasadena CA
- CityPasadena
- CountyLos Angeles
- Zip Code91107
