Rear Duplex
For Sale
Contact for pricing
31 S Parkwood Avenue, Pasadena, CA
Pasadena, CA
Property Size900 SF
Lot Size0.19 Acres
Price / SF$3.33
Days on Market12
Property Features for 31 S Parkwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Kitchen, Bedroom 3, Bedroom 1, Laundry Room, Bedroom 2, Bathroom 2, Bathroom 1
Parking
2
Parking features
Carport, Driveway
Appliances
Water Heater, Refrigerator, Free-Standing Range
Lot features
Sprinklers None
Directions
South of Colorado Blvd, East of Allen.
Subdivision
648 - Pasadena (SE)
Standard status
Active
APN
5747018011
Size
900 SF
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
fenced yard
laundry room
Building Details
Year built
1905
Floors in Building
1
Flooring type
Laminate
Listing Agency:
COMPASS
(626) 205-4040
Listed By:
Bonny Hsu · License #01921017
(949) 438-4340
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 17 at 2:06PM
MLS# P1-29142
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 900-square-foot rear residence is a Craftsman bungalow built in 1905, with three bedrooms, a living room, dining room, kitchen, and separate laundry room. Built-in cabinetry and original details remain in the main living areas. The home also has a fenced private yard with avocado and lime trees, plus a carport accommodating two tandem vehicles.
The property is described as minutes from Lake Avenue, PCC, Caltech, restaurants, and markets. Public water and sewer serve the residence.
The property is described as minutes from Lake Avenue, PCC, Caltech, restaurants, and markets. Public water and sewer serve the residence.
Key Highlights
- 900‑square‑foot rear residence in a duplex
- Three‑bedroom Craftsman bungalow built in 1905
- Fenced yard with avocado and lime trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,251,468
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,029,360
$25.0M
Cap Rate 7%
$17,878,114
$17.9M
Cap Rate 9%
$13,905,200
$13.9M
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$2.29M $2,546.04/SF
− Vacancy
−$16.0K −$17.82/SF
EGI
$2.28M $2,528.22/SF
− OpEx
−$1.02M −$1,137.70/SF
NOI
$1.25M $1,390.52/SF
Area
Pasadena, CA
Vacancy
0.70%
Lease Rate
$2,546.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,029,360
Cap Rate 7%
$17,878,114
Cap Rate 9%
$13,905,200
Alternative Uses
Best Use
Apartment 5plus
$17.88M
$15.64M – $20.86M
NOI $1,251,468 @ 7.0% cap · market cap 41,715.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$20.26M
$17.73M – $23.64M
NOI $1,418,133 @ 7.0% cap · market cap 47,271.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,697
Businesses Nearby
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Business Placement
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Frequently Asked Questions
What type of property is this?
Residential income property - The rear residence has three bedrooms, a dedicated laundry room, and tandem carport parking.
Where is this residential income property located?
The property is located at 31 S Parkwood Avenue Pasadena, CA.
What are key features of this property?
This property features: 900‑square‑foot rear residence in a duplex; Three‑bedroom Craftsman bungalow built in 1905; Fenced yard with avocado and lime trees
