$1,880,000
 $10,092 est/mo Sourced by Back At You

279 Parke Street,Pasadena, CA 91101

Pasadena, CA 91101

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Description

Discover an exceptional investment opportunity in the heart of Pasadena with this rare 4-unit income property, offering a highly desirable unit mix and strong upside potential. With three units delivered vacant and only the smallest rear unit occupied, this property is ideal for both investors and owner-occupants seeking immediate flexibility and long-term income growth. The property also offers additional land at the rear with strong potential for future ADU development (buyer to verify with the city), presenting a valuable opportunity to further increase income and maximize long-term returns. Each unit features its own laundry hookups. The property also provides approximately 10 off-street parking spaces, a significant advantage in this prime Pasadena location. Ideally situated near Villa Parke Community Center and Park, the property offers easy access to recreational amenities, while also being conveniently close to local dining, shopping, and major freewaysmaking it highly attractive to tenants and homeowners alike. Property Breakdown: 285 Parke (Main House - Delivered Vacant) Spacious 3-bedroom, 2-bath residenceperfect for an owner-user or premium rental. Recently upgraded with a brand-new roof and flooring, featuring a private front yard, 4 dedicated parking spaces, and a clean basement ideal for storage. Equipped with new refrigerator, washer & dryer, microwave, stove, and dishwasher. 283 Parke (Delivered Vacant,with New Flooring and Windows) 3-bedroom, 1-bath unit offering generous living space, ideal for families or shared living. 281 Parke (Tenant Occupied) Cozy 1-bedroom, 1-bath unit located at the rear for added privacy. 279 Parke (Delivered Vacant) Larger 1-bedroom, 2-bath unit with a flexible layout. Delivered vacant and Equiped with new refrigerator, washer & dryer, microwave, stove, dishwasher. This property is being sold as-is, reflecting a compelling entry point for savvy investors. With only the smallest unit currently rented and all larger, higher-income potential units delivered vacant, the property offers a rare opportunity to reset rents to market levels immediately and maximize returns. Don’t miss this opportunityschedule your private showing today.

Details

MLS #WS26084213
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1910
Days On Site113
Listing Provided ByPACIFIC STERLING REALTY/Irvine | LIANG WANG

Features

SQ Feet3,439
BasementY
Story(s)2
Units4
Building(s)2
Acreage0.26

Interior

CoolingElectric, Wall Window Units
Cooling Yes / NoYes
AppliancesDishwasher, Gas Oven, Gas Range, Refrigerator, Water Heater

Exterior

RoofShingle
Lot FeaturesTwo To Five Units Acre
FencingWrought Iron

Parking

Parking FeaturesConcrete, Driveway
Garage Yes / NoNo

Utilities

UtilitiesElectricity Available, Sewer Available, Water Available
SewerPublic Sewer

Location

Community FeaturesPark, Street Lights, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityPasadena
Zip Code91101
Area646 Pasadena (NE)
Listing VS Median (in 91101)
Price:
$1,880,000
low | high
Med:
$2,365,000
24.202127659574% of Average
sqft:
3,439
low | high
Med:
5,331
5.001453911021% of Average
$ / sqft:
$547
low | high
Med:
$471
63.906274857557% of Average
On site:
113
low | high
Med:
112
100% of Average
Sourced by Back At You

Market Activity 91101

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Additional Information

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityPasadena
Zip Code91101
Area646 Pasadena (NE)
Listing VS Median (in 91101)
Price:
$1,880,000
low | high
Med:
$2,365,000
24.202127659574% of Average
sqft:
3,439
low | high
Med:
5,331
5.001453911021% of Average
$ / sqft:
$547
low | high
Med:
$471
63.906274857557% of Average
On site:
113
low | high
Med:
112
100% of Average
Sourced by Back At You
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Price: $1.41M - $2.35M
sqft: 2,500 - 4,000
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Listing Updated: August 21, 2026 at 11:32:04 PM PDT