51 S Allen Avenue
Pasadena, CA, 91106
$2,750,000
Beds
0 Baths
SqFt
0.2 Acres
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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

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51 S Allen Avenue
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