Homes for sale - 51 S Allen AVE, Pasadena, CA 91106

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Gregory Masi

gregory@gregorymasi.com +1(310) 488-4880

$ 2,750,000

Est. payment | -/mo

8,603 Sqft Lot

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$ 2,750,000

Est. payment | -/mo

Save

8,603 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID TR24201947

HOA Y/N No

Year Built 1979

Lot Size 8,603 Sqft

Property 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.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSR3

Interior

Heating Central, Forced Air

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dryer, Washer

Laundry In Carport

Exterior

Garage Assigned, Covered, Carport

Carport Spaces 9

Pool None

Community Features Curbs, Suburban, Sidewalks

Roof Type Shingle

Parking Type Assigned, Covered, Carport

Total Parking Spaces 9

Private Pool No

Building

Lot Description Sprinklers In Front, Level, Rectangular Lot, Sprinkler System

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5736025030

Energy Description 2173.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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

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Gregory Masi

REALTOR® | Lic# 1708321

gregory@gregorymasi.com

+1(310) 488-4880

11601 Wilshire Blvd., Suite 101 Los Angeles, CA

51 S Allen AVE Pasadena, CA 91106

Gregory Masi

Key Details

Location

Interior

Exterior

Building

Others

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51 S Allen AVE