Property Details
About this Property
Priced at a LOSS for FAST CLOSE (Seller Retiring)! Rare 6.30% CAP 20-Unit Turnkey Portfolio in Prime Central Pasadena – Steps from PCC & Caltech, Fully Upgraded, In-Unit Laundry, Zero Relocation Hassles, Built-In Tenant Demand. 31 N Parkwood and 1837 E Colorado Blvd, a premier 20-unit apartment portfolio located in the heart of Pasadena, CA. Situated just steps from Pasadena City College (PCC) and blocks from the California Institute of Technology (Caltech), this portfolio represents a rare convergence of Turnkey Condition and High Yield Returns (±6.30% Cap Rate) in a high-barrier-to-entry market. The Seller is highly motivated and retiring, offering this asset at a price significantly below their acquisition cost. This is a unique chance for an investor to step into a stabilized, high-cash-flow asset immediately, bypassing the capital exposure and time delays of renovation. Combine that with fully upgraded units featuring in-unit laundry, market rents already in place, and zero relocation expense, and you get strong Day-1 cash flow plus long-term appreciation in a supply-constrained, high-demand submarket. Both properties have been completely upgraded, and each unit has been beautifully upgraded - complete with in-unit laundry machines (seller own). Since this investmen
MLS Listing Information
MLS #
CRAR26037066
MLS Source
California Regional MLS
Days on Site
20
Interior Features
Appliances
Dishwasher, Garbage Disposal, Hood Over Range, Other, Oven Range - Gas, Dryer, Washer
Flooring
Laminate
Cooling
Window/Wall Unit
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Detached, Other, Garage: 2 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 20 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
31 N Parkwood Ave is a Residential Income in Pasadena, CA 91106. This – square foot property sits on a 19,100 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,100,000 and was built in 1958. This address can also be written as 31 N Parkwood Ave, Pasadena, CA 91106.
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This listing information is up-to-date as of February 19, 2026. For the most current information, please contact Handoko Chen
