$10,000

closing credit¹

279 Parke St Pasadena, CA 91101

$1,500,000
0.3 acres
Multi-Family

Property details

About 279 Parke St

Discover an outstanding investment opportunity in beautiful Pasadena with this rare 4-unit property! Perfect for both investors and owner-occupants, this versatile property allows you to live in one unit while generating income from the other three. Each unit is designed with its own laundry hookups, making it a highly attractive feature for potential tenants. The property also offers a total of 6 parking spaces located at the back, providing plenty of off-street parking options for all residents. This property is ideally located in close proximity to the Villa Parke Community Center and Park, offering recreational amenities just steps away. You’ll also enjoy convenient access to an array of local restaurants, shops, and major freeways, making it a prime location for both renters and homeowners alike. The property consists of four distinct units: 285 Parke: The main house, featuring a spacious layout with 3 bedrooms and 2 full bathrooms, ideal for an owner-occupant or a high-end rental. 283 Parke: This adjacent unit offers 3 bedrooms and 1 bathroom, perfect for families or roommates seeking ample living space. 281 Parke: Located at the rear of the property, this cozy unit has 1 bedroom and 1 bathroom, ideal for a single tenant or a couple looking for privacy. Rear Unit: The second back unit offers a larger 3-bedroom, 2-bath layout, providing comfortable living for a larger family or group of tenants. This property is being sold in "as-is" condition, reflecting its competitive pricing, making it an exceptional investment for the discerning buyer. Whether you’re looking to rent out all units or occupy one and rent the others, this property presents limitless potential for long-term income growth in a highly desirable Pasadena neighborhood. Don’t miss out on this chance to own a multi-unit property in a prime Pasadena location—schedule a viewing today!

Highlights

Home typeQuadruplex
StatusActive
Lot size0.2615 Acres
Year built1910
ParkingDriveway
MLS #DW24216149

Summary

  • MLS Number: DW24216149
  • MLS Name: CRMLS
  • Office Name: ReMax Sky
  • Office Phone: (818) 974-1797
  • Listing Agent: Julio Midolo

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/22/2025, 6:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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back of property featuring a wooden deck, a patio, and a pergola

$1,500,000

279 Parke St

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Feb 18, 2004
Home Sold
$487,000
Jul 09, 1999
Home Sold
$305,000
Jul 02, 1998
Home Sold
$160,000

Tax history

YearAssessmentProperty Tax
2021$639,666$7,861
2020$633,108$7,583
2019$620,695$7,671
2018$608,526$7,578
2017$596,595$7,578

History based on county public records data.

Nearby schools

4

Madison Elementary School

Public District PK-5

0.3 mi

515 E Ashtabula St

3

Washington Elementary School

Public District PK-5

1.0 mi

1520 N Raymond Ave

6

Longfellow Elementary School

Public District PK-5

1.2 mi

1065 E Washington Blvd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $37,778. The most common annual income of people living in Pasadena, CA is less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

How much money do the neighbors make?

48%
<35k
36%
35k-100k
14%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

48%
Single, No Kids
21%
Single, with Kids
11%
Married, No Kids
20%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
8%
12-17 yrs old
37%
18-34 yrs old
33%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • PopeyesPopeyes
  • White CastleWhite Castle

What do the neighbors drive?

  • HondaHonda
  • NissanNissan
  • KiaKia

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
  • AlternativeAlternative
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 279 Parke St in Pasadena, CA and zip code 91101 in the The Verdugos neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $1,500,000.

In December 2024 more than 27 listings in Pasadena, CA were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 17 were sold below. In December 2024 in Pasadena, CA there were 12.5% less homes for sale than in November. The median list price of listings available in December 2024 was $1,216,222, while the average time on the real estate market was 39 days.

From Rocket Homes Real Estate and based on county public records data.

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