1837 E Colorado Blvd Pasadena, CA 91107
Lamanda Park NeighborhoodEstimated payment $31,742/month
Highlights
- 0.44 Acre Lot
- No HOA
- Bike Trail
- Pasadena High School Rated A
- Laundry Room
- 1-Story Property
About This Home
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 Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 12/02/2025
Co-Listing Agent
Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 0.44 Acre Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 12 Open Parking Spaces
- 2 Car Garage
- 8 Carport Spaces
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 9,930 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Utilities
- Private Water Source
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 4627
- Assessor Parcel Number 5746017030
- $2,281 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 12 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 12 Leased Units
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,800
- Insurance Expense $12,413
- Maintenance Expense $18,742
- Other Expense $24,400
- Professional Management Expense $29,160
- New Taxes Expense $61,702
- Operating Expense $148,217
- Gross Income $468,552
- Net Operating Income $306,279
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/02/2025 12/02/25 | For Sale | $5,100,000 | +73.2% | $514 / Sq Ft | |
| 04/07/2014 04/07/14 | Sold | $2,945,000 | +9.9% | $297 / Sq Ft | View Prior Sale |
| 03/19/2014 03/19/14 | Pending | -- | -- | -- | |
| 01/01/2013 01/01/13 | For Sale | $2,680,000 | -- | $270 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25268547
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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