51 S Allen Avenue
Pasadena, CA 91106
0.20 acres | #TR24130952
Description
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
- Lot DescriptionSprinklersInFront, Level, RectangularLot, SprinklerSystem
- Stories2
Measurements
- Acres0.1975
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1979
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$2,850,000
Other
- MLS #TR24130952
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Vincent Yan (#HYANVINC)
Listing Office: Berkshire Hathaway HomeServices California Properties (#8559)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
