$1,650,000
56 N Parkwood, Pasadena CA 91107
Multi-Family (5 Units)
Property type
2 days
On market
$489
Price per sqft
2 cars
Garage
1953
Year built
8,421 sqft
Lot size
Open Houses
Overview
Prime Pasadena Multifamily Investment Opportunity! Located at 56 N. Parkwood Avenue, this five-unit Pasadena multifamily property features an attractive unit mix of 2 (2BD/1BA) units and 3 (1BD/1BA) units. Two of the 1-bedroom, 1-bathroom units is currently vacant and available for rent, providing immediate upside potential for investors and owner-users alike. A floor plan and...
Listing provided by: TONY MA DRE #01931357 626-696-4800, Compass
Listing updated: Jun 3, 2026 at 05:51pm.
Last checked: Jun 3, 2026 at 06:30pm
Source: CRMLS #WS26119724
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,700 | $2,700 | $2,800 | Unfurnished |
| 1 | 2 | 1 | — | $2,454 | $2,454 | $2,800 | Unfurnished |
| 1 | 1 | 1 | — | $0 | $0 | $1,800 | Unfurnished |
| 1 | 1 | 1 | — | $0 | $0 | $1,800 | Unfurnished |
| 1 | 1 | 1 | — | $1,687 | $1,687 | $1,800 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Separate Electric Meters: 6
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $103,248
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
20.1x
List Price / Annual Gross Rent
Cap Rate
1.82%
NOI / List Price
Gross Scheduled Income: $82,092
Operating Expense: $51,221
Net Operating Income: $30,065
Annual Operating Expenses
Electric: $0
Gardener: $960
Insurance: $6,660
New Taxes: $20,625
Professional Management: $8,491
Trash: $10,805
Water / Sewer: $3,680
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Fireplace: None
Laundry: Washer Hookup, Gas Dryer Hookup
Entry Location: Front Door
Exterior
Property Attached: Yes
Stories Total: 2
Levels: One, Two
Common Walls: Two Common Walls Or More
Lot Features: Front Yard, Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned, On Street
Garage Spaces: 2
Uncovered Spaces: 3
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5746016073
Additional Parcels: No
Tax Lot: 21
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 56 N Parkwood, Pasadena, CA 91107. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,320,000
Total Interest
$1,683,587
Total Payment
$3,003,587
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,212
per month
Property History for 56 N Parkwood
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91107.
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