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.
- MLS# SB25268547
- Date Listed12/02/2025
- Days on Realty 9 Days
- Bedrooms -
- Bathrooms
- Lot Size 0.44 acres (19,100 sq. ft)
- Sewer Public Sewer
- Property Type Mixed Use
- County Los Angeles
- Year Built 1923
- Water Private
- Square Feet 9,930 sq. ft
- Price Per Sq. Ft $513.6
Exterior / Lot Features
- Roof -
- Lot Size Acres 0.44
- Lot Size SQFT 19,100.00
- Lot Features -
Directions
Near the intersection of N Parkwood Ave and E Colorado Blvd
Financial Considerations
Nearby Schools
Source: School Digger
Public • PK - 5 • Serves this home
0.6 mi
Distance
Public • 6 - 12 • Serves this home
1.32 mi
Distance
Rose City High (continuation) School
Public • 9 - 12 • Serves this home
1.54 mi
Distance
Public • PK - 5 • Serves this home
0.6 mi
Distance
Public • PK - 5
2.28 mi
Distance
Public • PK - 8
2.29 mi
Distance
Public • PK - 5
2.41 mi
Distance
Public • PK - 5
2.56 mi
Distance
Public • PK - 5
2.64 mi
Distance
Henry W. Longfellow Elementary
Public • PK - 5
2.67 mi
Distance
Public • PK - 5
2.68 mi
Distance
Field (eugene) Elementary School
Public • PK - 5
2.91 mi
Distance
Public • PK - 5
3.53 mi
Distance
Public • 6 - 12 • Serves this home
1.32 mi
Distance
Public • 7 - 12
1.83 mi
Distance
Public • 6 - 12
2.22 mi
Distance
Opportunities For Learning - Duarte
Public • 7 - 12
2.62 mi
Distance
Public • 6 - 8
2.64 mi
Distance
Public • 6 - 12
3.4 mi
Distance
Charles W. Eliot Middle School
Public • 6 - 8
3.53 mi
Distance
Public • 6 - 8
3.77 mi
Distance
Oak Avenue Intermediate School
Public • 7 - 8
4.26 mi
Distance
Public • 6 - 8
4.64 mi
Distance
Rose City High (continuation) School
Public • 9 - 12 • Serves this home
1.54 mi
Distance
Public • 9 - 12
1.88 mi
Distance
Public • 9 - 12
2.22 mi
Distance
Public • 10 - 12
4.61 mi
Distance
South Pasadena Senior High School
Public • 9 - 12
4.64 mi
Distance
Dr. Doug Sears Learning Center
Public • 10 - 12
4.92 mi
Distance
Public • 9 - 12
4.92 mi
Distance
Public • 9 - 12
5 mi
Distance
Public • 10 - 13
5.17 mi
Distance
Independence High (alternative) School
Public • 9 - 12
5.47 mi
Distance
Villa Esperanza Services School
Private • 01 - 12
0.35 mi
Distance
Oak Crest Academy - Pasadena Campus
Private • KG - 12
0.6 mi
Distance
Lindamood-bell Learning Processes - Pasadena
Private • 01 - 12
1.44 mi
Distance
Private • 06 - 12
1.44 mi
Distance
Private • 06 - 12
1.44 mi
Distance
Private • UG - UG
1.44 mi
Distance
Private • 01 - 12
1.64 mi
Distance
Private • 09 - 12
2.35 mi
Distance
Private • 07 - 12
2.92 mi
Distance
Private • 09 - 12
3.02 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 780 N Martelo Avenue | Listing | 3 | 1 | Oct 25, 2025 | $899,900 | Feb 23, 2024 | $1,051,250 |
| 2146 Las Lunas Street | Listing | 3 | 2 | Oct 27, 2025 | $970,000 | Mar 21, 2024 | $1,509,250 |
| 2365 Paloma Street | Listing | 3 | 2 | Oct 27, 2025 | $1,050,000 | Feb 23, 2024 | $1,442,000 |
| 2090 E Dudley Street | 2 | 1 | Oct 31, 2025 | $799,000 | Dec 11, 2025 | - |
| 1771 E Mountain Street | Listing | 3 | 3 | Oct 27, 2025 | $1,799,000 | Feb 23, 2024 | $1,738,321 |
| 440 S PARKWOOD Avenue | 2 | 2 | Dec 03, 2025 | $899,000 | Dec 11, 2025 | - |
| 985 PALADORA Avenue | 4 | 3 | Dec 03, 2025 | $980,000 | Dec 11, 2025 | - |
| 731 N CHESTER Avenue | 3 | 2 | Dec 03, 2025 | $1,125,000 | Dec 11, 2025 | - |
| 1764 E ORANGE GROVE | 4 | 2 | Dec 03, 2025 | $849,000 | Dec 11, 2025 | - |
| 262 S BERKELEY Avenue | 3 | 2 | Dec 03, 2025 | $938,888 | Dec 11, 2025 | - |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 33,370 | 141,907 | 10,113,180 | 335,858,263 |
| Population Density | 4,003 | 6,181 | 2,492 | 95 |
| People per Household | 2.5 | 2.4 | 3 | 2.6 |
| Median Age | 43.7 | 40.5 | 37.8 | 39.1 |
| Median Income | $109,626 | $90,521 | $73,262 | $66,222 |
| Average Income | $57,863 | $52,040 | $35,221 | $35,475 |
| Cost of Living Index | 114 | 104 | 124 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 42.92°F | 44.3°F | 48.5°F | 22.6°F |
| July Avg. High Temp | 89.07°F | 89.4°F | 83.8°F | 86.2°F |
| Annual Precipitation | 20.41" | 21.09" | 15.14" | 38" |
82/100
Very Walkable
Walk Score ®
64/100
Good Transit
Transit Score ®
72/100
Very Bikeable
Bike Score ®
Overview
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.Transit Summary
9 nearby routes: 8 bus, 1 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 58/100, Transit Score: 26/100, Bike Score: 50/100.
Property Change History
Points of Interest near 1837 E Colorado Blvd, Pasadena, CA 91107
264 ft
Distance
317 ft
Distance
422 ft
Distance
475 ft
Distance
528 ft
Distance
528 ft
Distance
634 ft
Distance
686 ft
Distance
686 ft
Distance
739 ft
Distance
106 ft
Distance
158 ft
Distance
317 ft
Distance
422 ft
Distance
475 ft
Distance
475 ft
Distance
528 ft
Distance
634 ft
Distance
739 ft
Distance
106 ft
Distance
422 ft
Distance
634 ft
Distance
686 ft
Distance
475 ft
Distance
528 ft
Distance
528 ft
Distance
475 ft
Distance
634 ft
Distance
634 ft
Distance
317 ft
Distance
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Frequently Asked Questions for 1837 E Colorado Blvd
Source: Realty.com
1837 E Colorado Blvd, Pasadena, CA 91107 is a Mixed Use, Residential Income property listed for $5,100,000 The property is 9930 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 37 photos of 1837 E Colorado Blvd.
Our records indicate that 1837 E Colorado Blvd was built in 1923.
The full address for this home is 1837 E Colorado Blvd, Pasadena, CA 91107.
1837 E Colorado Blvd has been listed on Realty.com since Tue December 02, 2025
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 58/100, Transit Score: 26/100, Bike Score: 50/100.
There are 3 schools assigned to this home. Check out the schools near 1837 E Colorado Blvd. Hamilton Elementary School (Grades: PK - 5), Marshall Fundamental School (Grades: 6 - 12), Rose City High (continuation) School (Grades: 9 - 12)
Listing provided courtesy of:
Lyon Stahl Investment Real Estate, Inc.
(tel: 310-425-9838)
Listing agent:
Brett Lyon
(tel: 310-780-1899)
(#SBLYONBRE)
This content last refreshed on 2025-12-11 03:19:56. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 1837 E Colorado Blvd, Pasadena, CA 91107 : MLS# SB25268547