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.
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
Est.:
Mixed Use
Built in 1923
-- sqft lot
$4,929,400 Zestimate®
$514/sqft
$-- HOA
What's special
- 9 days |
- 61 |
- 1 |
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#: SB25268547
Originating 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
Estimated market value
$4,929,400
$4.68M - $5.18M
$3,764/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Listed for sale | $5,100,000-15%$514/sqft |
Source: | ||
| 1/15/2021 | Listing removed | $6,000,000$604/sqft |
Source: | ||
| 1/12/2021 | Price change | $6,000,000-7.7%$604/sqft |
Source: Coldwell Banker Realty #AR20097823 Report a problem | ||
| 11/11/2020 | Price change | $6,500,000-1.5%$655/sqft |
Source: Coldwell Banker Realty #AR20097823 Report a problem | ||
| 6/1/2020 | Listed 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
- 6/10Hamilton Elementary SchoolGrades: K-5Distance: 0.4 mi
- 2/10Learning Works SchoolGrades: 7-12Distance: 1.1 mi
- 8/10Pasadena High SchoolGrades: 9-12Distance: 1.5 mi
- Loading
- Loading






