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Property view

51 S Allen Avenue, 
Pasadena, CA 91106

$2,700,000


Bed


Bath


5,150

Sq Ft


Multi-Family

Sold

Listed by

Vincent Yan

Bought with Re/Max Premier Prop Arcadia

Berkshire Hathaway HomeServices California Properties

Western Realty

626-913-2808

MLS#

TR24201947

Source:

CRMLS

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About This Home

51 S Allen Avenue

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.

Home Facts

Multi-Family

Built in 1979

Price Summary

2,750,000

$533 per Sq. Ft.

MLS #:

TR24201947

Sold:

November 15, 2024


Rooms & Interior

Interior

Living Area:

5,150 Sq. Ft.


Structure

Structure

Building Area:

5,150 Sq. Ft.

Year Built:

1979


Lot

Lot Size (Sq. Ft):

8,603


Finances & Disclosures

Finances

Price:

$2,750,000

Price per Sq. Ft:

$533 per Sq. Ft.

Source:CRMLS
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