Active

279 Parke Street

Pasadena, CA 91101

$1,880,000 $7,926/Mo

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Overview

Bed

Bath

3,439

Sqft

11,392

Sqft(Lot)

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 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.

Property Details

Property Type : Residential Income

Price : $1,880,000

AD Id : 77975586

MLS Id : WS26084213

Beds : 8

Lot Size : 11,392 Sqft

Living Area Size : 3,439

Year Built : 1910

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Shingle Property Appliances: Dishwasher,Gas Oven,Gas Range,Refrigerator,Water Heater Flooring: Vinyl
Cooling Features

Electric,Wall/Window Unit(s) Air Conditioning

Building Information

Year Built: 1910 Building Area Total: 3,439 Roof: Shingle Has Basement
Pool Features

None

Laundry Features

Washer Hookup,Gas Dryer Hookup

Fencing

Wrought Iron

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2615
Lot Size Source: Assessor Lot Size Square Feet: 11392

Listing Price Information

Original List Price: 1,880,000 Listing Contract Date: 2026-05-01
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5725019023

Garage and Parking

Garage Description: Concrete,Driveway

Homeowners Association

Association Amenities: Management,Trash,Water
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: 646 - Pasadena (NE) Directions: 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. Source Property Type: Residential Income Area: 646 - Pasadena (NE) Property SubType: Quadruplex
Building and Construction

Property Age: 116 Common Walls: 1 Common Wall Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Multi/Split

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
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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ByOwner last updated this listing 06/08/2026 @ 11:41

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