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$5,100,000

  • For Sale
  • Active
  • Multi-Family
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12-unit building (12 legal Studios converted to 1-bed layouts, Total Sq. Ft. 4,608) at 1837 E Colorado Blvd (APN: 5746-017-030, Lot Size 8,997) and an 8-unit building (1 three-bed two-bath and 7 one-bed one-bath units, Total Sq. Ft. 5,322) at 31 N Parkwood Ave (APN: 5746-017-092, Lot Size 10,103). Both properties are being sold together and concurrently as one combined 20-unit portfolio. These well-maintained buildings are located near Pasadena City College with strong current cashflow and consistent renter demand. The Colorado Blvd property features recently renovated units where all studios were converted into functional 1-bed layouts, along with updated interiors and improved efficiency. The Parkwood building offers a balanced mix of larger floorplans and stable tenancy. Both assets share onsite parking, landscaping, and operational efficiency. This 20-unit portfolio provides an excellent opportunity for an investor seeking steady income in a high-demand Pasadena rental corridor. Pasadena is one of the most recognized and desirable cities in Los Angeles County and is known for its strong rental market, centralized location, public transportation access, employment base, and popular local amenities where tenants can live, work, and play locally.

Full Property Details for 1837 E Colorado Blvd

General

  • Price: $5,100,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB25268547
  • Updated: 12/5/2025
  • Days on Market: 46 days
  • Added to Site: 46 day(s) ago

Rooms

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 2

Location

  • Area: 648 - Pasadena (SE)
  • County: Los Angeles
  • Development Name: 648 - Pasadena (SE)
  • Driving Directions: Near the intersection of N Parkwood Ave and E Colorado Blvd

Utilities

  • Sewer: Public Sewer
  • Water: Private
  • # Water Meters: 1
  • # Gas Meters: 12
  • # Electric Meters: 12

Structural Information

  • Entry Location: Front
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 9,930
  • Year Built: 1923

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 11

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 12

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.4385
  • Lot Size (Sq. Ft.): 19,100
  • Lot Size Source: Assessor
  • Lot Description: 11-15 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $513.6
  • Price Per Unit: 425000

Listed by Lyon Stahl Investment Real Estate, Inc., Brett Lyon and Lyon Stahl Investment Real Est, Woody Stahl

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Listing agents

— 1837 E Colorado Blvd —

  • Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

  • Woody Stahl

    Lyon Stahl Investment Real Est

3107801899

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1837 E Colorado Blvd

School District:Pasadena Unified School District
NameGradesDistance
Hamilton Elementary School, Pasadena, CA
2089 Rose Villa Street, Pasadena, CA 91107
K-50.4 mi
Pasadena High School
2925 East Sierra Madre Boulevard, Pasadena, CA 91107
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1837 E Colorado Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/02/2025
Listed
$5,100,000
-13.53%
MLS
2/28/2022
Sold
$5,898,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1837 E Colorado Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$40,301
5%
$3,376,320
4%
2023
$38,230
48%
$3,245,280
50%
2022
$25,751
4%
$2,156,593
2%
2021
$24,722
4%
$2,114,341
1%
2020
$23,768
33%
$2,092,680
40%
2019
$17,937
-1%
$1,493,262
2%
2018
$18,169
1%
$1,463,983
2%
2017
$17,962
2%
$1,435,278
2%
2016
$17,573
1%
$1,407,136
2%
2015
$17,372
14%
$1,386,000
16%
2014
$15,211
—
$1,192,000
—
2013
$15,261
—
$1,192,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1837 E Colorado Blvd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Lyon Stahl Investment Real Estate, Inc., Brett Lyon and Lyon Stahl Investment Real Est, Woody Stahl

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1837 E Colorado Blvd, Pasadena, CA 91107 (MLS# SB25268547) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 1837 E Colorado Blvd is currently listed for $5,100,000 and was received on December 02, 2025. Want to learn more about 1837 E Colorado Blvd? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.

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