Listing provided courtesy of Vincent Yan of Berkshire Hathaway HomeServices California Properties. Last updated 2024-11-06 09:11:25.000000. Listing information © 2024 Sandicor.
Asking Price: $2,750,000
51 Allen, Pasadena CA 91106
Community: 648 - Pasadena (SE)
This Apartment property was built in 1979 and is priced at $2,750,000. Please see the additional details below.
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.
