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$1,410,000
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Property Description
Discover an outstanding investment opportunity in beautiful Pasadena with this rare 4-unit property! Perfect for both investors and owner-occupants, this versatile property allows you to live in one unit while generating income from the other three. Each unit is designed with its own laundry hookups, making it a highly attractive feature for potential tenants. The property also offers a total of 6 parking spaces located at the back, providing plenty of off-street parking options for all residents.
This property is ideally located in close proximity to the Villa Parke Community Center and Park, offering recreational amenities just steps away. You'll also enjoy convenient access to an array of local restaurants, shops, and major freeways, making it a prime location for both renters and homeowners alike.
The property consists of four distinct units: 285 Parke: The main house, featuring a spacious layout with 3 bedrooms and 2 full bathrooms, ideal for an owner-occupant or a high-end rental. (To be delivered vacant) 283 Parke: This adjacent unit offers 3 bedrooms and 1 bathroom, perfect for families or roommates seeking ample living space. 281 Parke: Located at the rear of the property, this cozy unit has 1 bedroom and 1 bathroom, ideal for a single tenant or a couple looking for privacy ( rent being collected is $1,700). Rear Unit: The second back unit offers a larger 1 bedroom, 2-bath layout (to be delivered vacant).
This property is being sold in "as-is" condition, reflecting its competitive pricing, making it an exceptional investment for the discerning buyer. Whether you're looking to rent out all units or occupy one and rent the others, this property presents limitless potential for long-term income growth in a highly desirable Pasadena neighborhood.
Don't miss out on this chance to own a multi-unit property in a prime Pasadena location-schedule a viewing today!
Full Property Details
Full Property Details for 279 Parke St
General
- Sold For: $1,410,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: DW25107839
- Added to Site: 284 day(s) ago
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Parking Features: Driveway
- Parking: Driveway
Location
- Area: 646 - Pasadena (NE)
- County: Los Angeles
- Development Name: 646 - Pasadena (NE)
- Driving Directions: from I-5 North to CA-110-N/Arroyo Secco Pkwy to E. Glenharm St. Follow S Marengo Ave to Parke.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 5
Structural Information
- Entry Location: 1
- Stories/Levels: Multi/Split
- Stories Description: Multi/Split
- Square Feet: 3,439
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.2615
- Lot Size Source: Assessor
- Zoning: PSR1
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $410
- Price Per Unit: 339722
Listed by ReMax Sky, Julio Midolo
Sold by Pinnacle Real Estate Group, YULAN JIANG
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Schools
Schools serving 279 Parke St
School District:Pasadena Unified School District
| Name | Grades | Distance |
|---|---|---|
Madison Elementary School, Pasadena, CA 515 East Ashtabula Street, Pasadena, CA 91104 | K-5 | 0.3 mi |
Octavia E. Butler Magnet School 1505 North Marengo Avenue, Pasadena, CA 91103 | 6-8 | 1.1 mi |
John Muir High School 1905 N. Lincoln Ave., Pasadena, CA 91103 | 9-12 | 1.7 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 279 Parke St
Date
Details
Price
Change
Source
6/10/2025
Sold
$1,410,000
3.76%
MLS
5/14/2025
Listed
$1,358,888
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
279 Parke Street, Pasadena, CA 91101 (MLS# DW25107839) is a Multi-Family property that was sold at $1,410,000 on June 10, 2025. Want to learn more about 279 Parke Street? 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.

