51 S Allen Avenue Pasadena, CA 91106
0 bath / 5,150 Sq. Ft. / 8,603 Sq. Ft., 0.198 acres lot size / Apartment
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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
Type
Apartment
Status
Active
County
Los Angeles
Year Built
1979
Sq. Ft.
5,150
Lot Size
8,603 Sq. Ft., 0.2 acres
Listing Id
TR24130952
Courtesy Of
Vincent Yan - Berkshire Hathaway HomeServices California Properties 626-512-8333
List Office Phone
+1 (626) 913-2808
Interior Features
Appliances
Dryer
Washer
Washer
Fireplace
None
Living Area Units
Sq. Ft.
Exterior Features
Roof
Shingle
Lot/Land Description
Sprinklers In Front
Level
Rectangular Lot
Sprinkler System
Level
Rectangular Lot
Sprinkler System
Parking
Assigned
Covered
Carport
Covered
Carport
Stories
2
Parking Spaces
9
Utility & Building Info
Sewer
Public Sewer
Parcel Number
5736025030
Cooling
Central Air
Water Source
Public
Heating
Other
Forced Air
Central
Forced Air
Central
Building Area Total
5,150 Sq. Ft.
Price Per Sq Ft
$534
Architectural Style
2 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
08/15/2024
08/15/2024
|
Active |
$2,750,000
|
CA Regional MLS (CRMLS) |
|
07/12/2024
07/12/2024
|
Active |
$2,850,000
|
CA Regional MLS (CRMLS) |
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Market Trends
Source: Constellation1
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