51 S Allen Avenue, Pasadena CA 91106 (Off Market)

For Sale, USD 2,750,000


51 S Allen Avenue, Pasadena CA 91106,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 5,150 ft² / 478 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


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.
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51 S Allen Avenue, Pasadena CA 91106, United States,California,Pasadena is a 5,150ft² Pasadena luxury Multi-Family Home listed for sale USD 2,750,000. This high end Pasadena Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Pasadena or search for luxury properties for sale in Pasadena.