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$1,650,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 56 N Parkwood
General
- Price: $1,650,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: WS26119724
- Updated: 6/3/2026
- Days on Market: 4 days
- Added to Site: 4 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 2
- Parking Features: Assigned, Street
- Parking: Assigned, Street
Location
- Area: 648 - Pasadena (SE)
- County: Los Angeles
- Development Name: 648 - Pasadena (SE)
- Driving Directions: North of Colorado Blvd. and South of Foothill Blvd.
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 5
- # Electric Meters: 6
Structural Information
- Entry Location: Front door
- Stories/Levels: One,Two
- Stories Description: One, Two
- Square Feet: 3,377
- Year Built: 1953
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
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
Lot Features
- Lot Size (Acres): 0.1933
- Lot Size (Sq. Ft.): 8,421
- Lot Size Source: Assessor
- Lot Description: Rectangular Lot, Front Yard
Financial Considerations
- Price Per Sq. Ft.: $488.6
- Price Per Unit: 330000
Listed by Compass, TONY MA
Get Pre-Approved Today
Schools
Schools serving 56 N Parkwood
School District:Pasadena Unified School District
| Name | Grades | Distance |
|---|---|---|
Hamilton Elementary School, Pasadena, CA 2089 Rose Villa Street, Pasadena, CA 91107 | K-5 | 0.4 mi |
McKinley School 325 South Oak Knoll Avenue, Pasadena, CA 91101 | K-5 | 1.5 mi |
Pasadena High School 2925 East Sierra Madre Boulevard, Pasadena, CA 91107 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 56 N Parkwood
Date
Details
Price
Change
Source
6/03/2026
Listed
$1,650,000
25%
MLS
12/14/2016
Sold
$1,320,000
—
Public Record
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
Tax History for 56 N Parkwood
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,536
6%
$1,531,967
4%
2023
$17,513
4%
$1,472,480
2%
2022
$16,914
4%
$1,443,609
2%
2021
$16,226
4%
$1,415,304
1%
2020
$15,587
—
$1,400,793
2%
2019
$15,625
-2%
$1,373,327
2%
2018
$15,911
28%
$1,346,400
32%
2017
$12,394
2%
$1,020,881
2%
2016
$12,124
1%
$1,000,865
2%
2015
$11,989
2%
$985,832
2%
2014
$11,763
20%
$966,522
23%
2013
$9,791
—
$787,000
—
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
Estimate the Cost for 56 N Parkwood
56 N Parkwood, Pasadena, CA 91107 (MLS# WS26119724) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 56 N Parkwood is currently listed for $1,650,000 and was received on June 03, 2026. Want to learn more about 56 N Parkwood? 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.

