Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSB25268547
MLS Source
California Regional MLS
Days on Site
3
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 2 Car(s)
Water
Private
HOA Fee
$0
Contact Information
Listing Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
License #: 01717818
Phone: –
Co-Listing Agent
Woody Stahl
License #: 01399621
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 12 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1837 E Colorado Blvd is a Residential Income in Pasadena, CA 91107. 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 1923. This address can also be written as 1837 E Colorado Blvd, Pasadena, CA 91107.
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This listing information is up-to-date as of December 05, 2025. For the most current information, please contact Brett Lyon
