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For sale
  • Listing Provided by: 

    Brett Lyon DRE #01717818 3107801899,

    Lyon Stahl Investment Real Estate, Inc.,

    Woody Stahl DRE #01399621 310-425-9838,

    Lyon Stahl Investment Real Est

    $5,100,000

    1837 E Colorado Blvd, Pasadena, CA 91107

    12beds
    12baths
    9,930sqft
    : 
    Mixed Use
    Built in 1923
    -- sqft lot
    $4,929,400 Zestimate®
    $514/sqft
    $-- HOA

    What's special

    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.
    9 days
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    61
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    1
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    Zillow last checked: 8 hours ago

    Listing updated: December 05, 2025 at 10:39am

    Listing Provided by:

    Brett Lyon DRE #01717818 3107801899,

    Lyon Stahl Investment Real Estate, Inc.,

    Woody Stahl DRE #01399621 310-425-9838,

    Lyon Stahl Investment Real Est

    Source: CRMLS,MLS#: SB25268547MLS LogoOriginating MLS: California Regional MLS

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 12
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 9,930
    • Total interior livable area: 9,930 sqft

    Property

    Parking
    • Total spaces: 22
    • Parking features: Garage, Carport
    • Garage spaces: 2
    • Carport spaces: 8
    • Covered spaces: 10
    • Uncovered spaces: 12
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 0.44 Acres
    • Features: 11-15 Units/Acre
    Details
    • Parcel number: 5746017030
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1923

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Private

    Community & HOA

    Community
    • Features: Biking
    Location
    • Region: Pasadena

    Financial & listing details

    • Price per square foot: $514/sqft
    • Date on market: 12/2/2025
    • Cumulative days on market: 10 days
    • Listing terms: Conventional
    • Total actual rent: 21055
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    Estimated market value

    $4,929,400

    $4.68M - $5.18M

    $3,764/mo

    Price history

    Price history
    DateEventPrice
    12/3/2025Listed for sale$5,100,000-15%$514/sqft
    Source: CRMLS #SB25268547 Report a problem
    1/15/2021Listing removed$6,000,000$604/sqft
    Source: CRMLS #AR20097823 Report a problem
    1/12/2021Price change$6,000,000-7.7%$604/sqft
    Source: Coldwell Banker Realty #AR20097823 Report a problem
    11/11/2020Price change$6,500,000-1.5%$655/sqft
    Source: Coldwell Banker Realty #AR20097823 Report a problem
    6/1/2020Listed for sale$6,600,000$665/sqft
    Source: Coldwell Banker Realty Arcadia #AR20097823 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $31,921/mo
    Principal & interest
    $25206
    Property taxes
    $4930
    Home insurance
    $1785

      Climate risks

      Neighborhood: Mid Central

      Nearby schools

      GreatSchools rating

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