Property Details
About this Property
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.
MLS Listing Information
MLS #
CRTR24201947
MLS Source
California Regional MLS
Interior Features
Appliances
Other, Dryer, Washer
Cooling
Central Forced Air
Heating
Central Forced Air, Forced Air
Exterior Features
Roof
Shingle
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Carport, Covered Parking, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 6 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
51 S Allen Ave is a Residential Income in Pasadena, CA 91106. This – square foot property sits on a 8,604 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,700,000 and was built in 1979. This address can also be written as 51 S Allen Ave, Pasadena, CA 91106.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Vincent Yan, (626) 512-8333
