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Five-Unit Apartment Building
For Sale
$1,650,000

56 N Parkwood, Pasadena, CA 91107

Mixed one- and two-bedroom configuration includes a currently vacant unit available for leasing.

Property Size3,377 SF
Days on Market10

Property Features for 56 N Parkwood

General Information

Standard status Active
Size 3,377 SF
Property subtype Apartment

Units

Unit Mix 2 x 2BD/1BA, 3 x 1BD/1BA
Multifamily Units 5

Additional Details

Public Transit Yes

Building Details

Building Size 3,377 SF
Year Built 1953
Listing Agency: Compass
Listed By: TONY MA · License #01931357
Source: Hopewayrealtygroup
Added: Aug 3 Changed: Aug 11 Last Checked: Aug 11 at 12:53PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

This apartment property contains five units arranged as two 2-bedroom, 1-bath residences and three 1-bedroom, 1-bath residences. One 1-bedroom unit is vacant and available for rent, while a floor plan and interior photographs of that unit provide additional detail on its layout and condition. Constructed in 1953, the property is located at 56 N Parkwood in Pasadena, California.

The property is near Caltech, Pasadena City College, Huntington Hospital, Old Town Pasadena, and the South Lake Avenue shopping and dining district. Public transportation, parks, entertainment, and major employment centers are also identified in the surrounding context. The unit mix and existing vacancy provide a clear overview of the building’s current configuration and leasing status.

Key Highlights

  • Five‑unit apartment property with two 2BD/1BA units and three 1BD/1BA units
  • One 1‑bedroom, 1‑bathroom unit is vacant and available for rent
  • Floor plan and interior photos provided for the vacant unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store Barber Shop Clothing & Fashion Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,697
Businesses Nearby

Demographics for 91107, CA

33,729
Population
14,137
Households
2.4
Avg Household Size
43
Median Age
59%
College-Educated
93%
High-School Grad
8.5 sq mi
ZIP Area
3,968
Density / Sq Mi
$124,880
Median Household Income
$62,250
Median Earnings
$2,311
Median Rent
$1,106,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Mixed one- and two-bedroom configuration includes a currently vacant unit available for leasing.
Where is this apartment building located?
The property is located at 56 N Parkwood Pasadena, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Five‑unit apartment property with two 2BD/1BA units and three 1BD/1BA units; One 1‑bedroom, 1‑bathroom unit is vacant and available for rent; Floor plan and interior photos provided for the vacant unit
More about this property
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