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51 S Allen AVE Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91106
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,150 sqft
Price per Sqft $533
MLS Listing ID TR24201947
HOA Y/N No
Year Built 1979
Lot Size 8,603 Sqft
Acres 0.1975
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
Rooms
Ensuite Laundry In Carport
Interior
Laundry Location In Carport
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