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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,880,000

Est. payment - /mo

0.26 Acres Lot

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Sun May 17, 1:00pm - 4:00pm

Sat May 16, 1:00pm - 4:00pm

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26084213

HOA Y/N No

Year Built 1910

Lot Size 0.261 Acres

Property Sub-Type Quadruplex

Property 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 freeways—making it highly attractive to tenants and homeowners alike.

Property Breakdown:
285 Parke (Main House – Delivered Vacant)
Spacious 3-bedroom, 2-bath residence—perfect 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 opportunity—schedule your private showing today.

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Interior

Cooling Electric, Wall/Window Unit(s)

Flooring Vinyl

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Refrigerator, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Concrete, Driveway

Fence Wrought Iron

Pool None

Community Features Park, Street Lights, Sidewalks

Utilities Available Electricity Available, Sewer Available, Water Available

Amenities Available Management, Trash, Water

Roof Type Shingle

Total Parking Spaces 10

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Others

HOA Fee Include Sewer

Senior Community No

Tax ID 5725019023

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

Special Listing Condition Standard

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Listed by LIANG WANG PACIFIC STERLING REALTY/Irvine 909-343-9494, DRE #02204641

NEARBY SCHOOL & BUSINESS

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279 Parke ST Pasadena, CA 91101