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51 S Allen AVE Pasadena, CA 91106
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Key Details
Sold Price $2,700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRTR24201947
Sold Date 11/15/24
Originating Board California Regional MLS
Year Built 1979
Lot Size 8,604 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)
Interior
Heating Forced Air, Central Forced Air
Cooling Central AC
Laundry Other, Washer, Dryer
Exterior
Garage Assigned Spaces, Carport , Covered Parking
Garage Spaces 9.0
Pool None
Roof Type Shingle
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 5736025030
Special Listing Condition Not Applicable
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Bought with Sharon Liu