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56 N ParkwoodPasadena, CA 91107

For Sale

$1,650,000

Smart Buyer Rebate $16,500

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.

Listed by TONY MA

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License #01931357

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Compass

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626-759-4812

Last updated June 08, 2026

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Source: CRMLS #WS26119724

Listing Facts

  • TypeMulti-family
  • NeighborhoodLamanda Park
  • Days on Prevu12

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

06/03/2026
Listed by Compass
$1,650,000

Property Details for 56 N Parkwood

Association

Amenities

  • Community Features: Street Lights, Sidewalks

Exterior

Construction

  • Number Of Units Total: 5
  • Property Attached: Yes
  • Stories: 1
  • Stories Total: 2
  • Year Built: 1953
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: Front door

Measurements

  • Building Area Total: 3,377
  • Building Area Units: Square Feet
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Size Acres: 0.19
  • Lot Size Area: 8,421
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8,421
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $103,248.00
  • Operating Expense: $51,221.00

Taxes

  • Parcel Number: 5746016073

Other

Location

  • Tax Lot: 21

Parking

Parking

  • Garage Spaces: 2
  • Garage: Yes
  • Open Parking Spaces: 3
  • Parking Features: Assigned, On Street
  • Parking Total: 5

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Wall Furnace
  • Has Heating: Yes
  • Laundry Features: Washer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 56 N Parkwood.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 56 N Parkwood.

How does 56 N Parkwood compare to other multi-family homes in Lamanda Park?

This multi-family home is listed 7% below the average price for multi-family homes in Lamanda Park and has been on the market for 60 less days than the typical home in this area.

56 N Parkwood is a -bedroom multi-family home for sale in Pasadena CA 91107. Available on Prevu for 12 days at $1,650,000. This home is located in Lamanda Park. The median listing price for multi-family homes in this area is $1,168,000. The home offers parking. Explore more multi-family home listings in Pasadena.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.