$5,100,000

1837 E Colorado Blvd, Pasadena, CA 91107

9,930 sqft

other
Built in 1923
0.44acre lot
2 car garage
$514/sqft
Listed 3 days ago

Property Description

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.

Listing Status:: Active
Date Added:: December 2, 2025 at 06:00AM
Listing Office:: Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:: Brett Lyon : 310-706-4066
MLS ID:: SB25268547

Laundry: Common Area

Pool: None
Parking: Parking spaces: 22

General: 1

HOA Amenities: 0.0
Originating MLS: CRMLS_CRM
County: Los Angeles

Zoning: 5746017030

Water: Private
Sewer: Public Sewer

Source: CRMLS_CRM

This listing courtesy of Brett Lyon, Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Hamilton Elementary School

2089 Rose Villa St, Pasadena, CA, 91107

Grades PK-5

0.47 miles away

Marshall Fundamental

990 N Allen Ave, Pasadena, CA, 91104

Grades 6-12

1.15 miles away

Marshall Fundamental

990 N Allen Ave, Pasadena, CA, 91104

Grades 6-12

1.15 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.