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279 Parke Street

Pasadena, CA 91101
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$1,880,000 $7,926/Mo
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Bed 8

Bed

Bath 6

Bath

SqFt3,439

Sqft

SqFt11,392

Sqft(Lot)

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 ne ar 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,880,000

AD Id : 84716566

MLS Id : WS26084213

Beds : 8

Lot Size : 11,392 Sqft

Living Area Size : 3,439

Year Built : 1910

County : Los Angeles

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Feature Features

  • Interior Features

    Roof: Shingle
    Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator, Water Heater
    Laundry Features: Washer Hookup, Gas Dryer Hookup

  • Heating & Cooling

    Has Cooling: Yes Cooling: Electric, Wall/Window Unit(s)

  • Building Information

    Year Built: 1910
    Building Area Total: 3439
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 11392 Lot Size Acres: 0.2615 Lot Size Source: Assessor Lot Size Square Feet: 11,392 Lot Description: 2-5 Units/Acre

  • Listing Price Information

    Listing Price: $1880000
    Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

  • Tax Information

    Parcel Number: 5725019023 Tax Lot: 26

  • Virtual Tour

    Virtual Tour (External Link)

    Parking Information

    Parking Total: 10 Concrete, Driveway

    Homeowners Association Information

    Included Fees: Sewer
    Association Amenities: Management, Trash, Water
    Community Features: Park, Street Lights, Sidewalks

  • Utility Information

    Electricity Available, Sewer Available, Water Available

  • Location Information

    Direction: Conveniently located near PCC and Caltech. Easy access from I-210 via Hill Ave; just turn onto Parke Street. Minutes to shops, dining, and Metro. WaterSource: Public
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542 N Madison, Pasadena, CA, 91101 $1,499,000 5 4 2,150 2,150 SqFt
526 N Madison, Pasadena, CA, 91101 $1,550,000 3 2 3,326 3,326 SqFt
325 S Los Robles Avenue, Pasadena, CA, 91101 $1,390,000 3 4 2,846 2,846 SqFt

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/24/2026 @ 09:23

MLS: WS26084213 LISTED BY: LIANG WANG, PACIFIC STERLING REALTY/Irvine 949-222-9911 SOURCE: CRMLS

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