A prime investment opportunity on the Altadena/Pasadena border – this 4-plex is comprised of three 2 bed/1bath units and one studio. The apartments are clean and generously sized with in-unit laundry (except studio) as well as air conditioning. Each unit has assigned off street parking. The property has been lovingly maintained by the same family for decades and with some upgrades and extensive interior and exterior remediation following the Eaton Fire (scheduled to be completed within the next couple of weeks). With its desirable location, well-maintained units and stable tenant base, this investment offers both immediate returns and long-term growth potential.
Property Details
Price:
$1,250,000
MLS #:
PW25145891
Status:
Active
Baths:
0
Address:
1540 N Allen Ave.
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
646pasadenane
City:
Pasadena
Listed Date:
May 31, 2025
State:
CA
ZIP:
91104
Lot Size:
7,439 sqft / 0.17 acres (approx)
Year Built:
1946
See this Listing
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Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
2.00
Lot Features
Lot 6500-9999
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address1540 N Allen Ave. Pasadena CA
- Area646 – Pasadena (NE)
- CityPasadena
- CountyLos Angeles
- Zip Code91104
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Courtesy of Keller Williams Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1540 N Allen Ave.
Pasadena, CA
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