This unique 6-unit apartment building in the heart of Pasadena offers a compelling investment opportunity with a diverse unit mix: one three-bedroom unit with 2.5 baths, three two-bedroom units with 1.75 baths each, and two one-bedroom units with 1 bath each, all fully occupied by reliable tenants. Managed efficiently, the property is well-maintained and has undergone significant remodeling, with five units renovated between 2010 and 2019, and one unit newly remodeled in 2023. It features individual metering for gas and electricity, while the owner covers water, gardening, trash, and common area electricity costs. Parking is ample with 9 tuck-under spaces. Recent updates include a new roof installed in 2023 and new electric sub-panels for each unit. Additional amenities include private balconies for four units, a laundry area with new metered washer and dryers for added income. Located near Pasadena City College (PCC), CalTech University, and various dining options. This property not only offers residential attractiveness but also promising income potential, making it a solid investment choice.
Property Details
Price:
$2,750,000
MLS #:
TR24130952
Status:
Active
Baths:
0
Address:
51 S Allen Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
648pasadenase
City:
Pasadena
Listed Date:
Jul 12, 2024
State:
CA
ZIP:
91106
Lot Size:
8,604 sqft / 0.20 acres (approx)
Year Built:
1979
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Schools
Interior
Cooling
Central Air
Fireplace Features
None
Heating
Central, Forced Air
Exterior
Community Features
Curbs, Sidewalks, Suburban
Garage Spaces
0.00
Lot Features
Lot 6500-9999, Rectangular Lot, Level, Sprinkler System, Sprinklers In Front
Parking Features
Assigned, Carport, Covered
Parking Spots
9.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address51 S Allen Avenue Pasadena CA
- Area648 – Pasadena (SE)
- CityPasadena
- CountyLos Angeles
- Zip Code91106
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Courtesy of Berkshire Hathaway HomeServices California Properties. 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 2024. California Regional Multiple Listing Service. All rights reserved.
51 S Allen Avenue
Pasadena, CA
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