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1837 E Colorado Blvd
For Sale $5,100,000
$5,100,000
- 12 Units
- Unknown Sq Ft
- 19,100 Sq Ft
- Unknown Cap Rate
Description
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,100,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 2 spots |
| Year Built | 1923 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5746017030 |
| MLS # | SB25268547 |
| Property ID | 292765954 |
| Lot Sqft | 19,100 |
| Zoning | Unknown |
| Total Units | 12 |
| Days on Market | 26 |
| Original List Price | $5,100,000 |
| Date Updated | December 05, 2025 |
| Date Created | December 02, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $21,055 | $0 |
| Net Income (Yr) | $ 306,279 |
| Cap Rate | 6.01% |
Listing Provided By
Brett Lyon an agent of Lyon Stahl Investment Real Est. Lic #01717818
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 05, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT