$1,880,000
279 Parke Street, Pasadena CA 91101
Multi-Family (Fourplex)
Property type
31 days
On market
$547
Price per sqft
0 cars
Garage
1910
Year built
11,392 sqft
Lot size
Home highlights
Open Houses
Overview
Discover an exceptional investment opportunity in the heart of Pasadena with this rare 4-unit income property, offering a highly desirable unit mix and strong upside potential. With three units delivered vacant and only the smallest rear unit occupied, this property is ideal for both investors and owner-occupants seeking immediate flexibility and long-term income...
Listing provided by: LIANG WANG DRE #02204641, PACIFIC STERLING REALTY/Irvine
Listing updated: May 31, 2026 at 07:52pm.
Last checked: Jun 2, 2026 at 09:01pm
Source: CRMLS #WS26084213
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 2 | — | $0 | $0 | $2,350 | Unfurnished |
| 1 | 1 | 1 | — | $1,868 | $22,416 | $2,200 | Unfurnished |
| 1 | 3 | 1 | — | $0 | $0 | $3,400 | Unfurnished |
| 1 | 3 | 2 | — | $0 | $0 | $3,800 | Partially |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 5
Separate Gas Meters: 4
Separate Water Meters: 1
Dishwasher: 4
Ranges: 4
Refrigerator: 4
Rent Control: Yes
Units Leased: 1
Total Actual Rent: $22,416
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
13.3x
List Price / Annual Gross Rent
Cap Rate
7.01%
NOI / List Price
Gross Scheduled Income: $141,000
Operating Expense: $9,195
Net Operating Income: $131,805
Annual Operating Expenses
Electric: $2,400
Insurance: $0
Trash: $4,395
Water / Sewer: $2,400
Interior
Room Type: Basement, Family Room, Great Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Flooring: Vinyl
Cooling: Electric, Wall Window Units
Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator, Water Heater
Laundry: Washer Hookup, Gas Dryer Hookup
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Multi Split
Roof: Shingle
Common Walls: One Common Wall
Lot Features: Two To Five Units Acre
Pool: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Available, Sewer Available, Water Available
Garage and Parking
Parking: Concrete, Driveway
Garage Spaces: 0
Parking Total: 10
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5725019023
Additional Parcels: No
Tax Lot: 26
Community
HOA Amenities: Management, Trash, Water
Senior Community: No
Community Features: Park, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 279 Parke Street, Pasadena, CA 91101. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,504,000
Total Interest
$1,918,269
Total Payment
$3,422,269
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,615
per month
Property History for 279 Parke Street
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91101.
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