51 S Allen Avenue, Pasadena CA, 91106

Active

51 S Allen Avenue

Pasadena CA, 91106

$2,750,000

$533.98 per sqft

Active

5,150 sqft

Condo

Built in 1979

Listed by Vincent Yan with Berkshire Hathaway HomeServices California Properties 626-512-8333

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.

TR24201947

MLSⓇ ID

October 2, 2024

Listed

October 4, 2024

Updated

Map

51 S Allen Avenue
Pasadena CA, 91106

Interior Features

Total Stories: 2
Appliances: Dryer, Washer
Laundry Description: In Carport
Fireplace: No
Fireplace Description: None
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Central, Forced Air

Exterior/Building Features

Lot Size: 0.2 Acres
Lot Features: Sprinklers In Front, Level, Rectangular Lot, Sprinkler System
Roof: Shingle
Sewer: Public Sewer

Other Property Details

Area Name: 648 - Pasadena (SE)
Garage: No
Parking: Assigned, Covered, Carport
Parking Total: 9
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: PSR3

Listing Contact: 626-913-2808

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2024. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/4/2024 at 4:56 AM UTC