Pasadena, CA 91106,51 S Allen Avenue
Listed by Vincent Yan • Berkshire Hathaway HomeServices California Properties
Bought with Sharon Liu • Re/Max Premier Prop Arcadia

$2,700,000

$2,750,000

1.8%
Est.Price: ?

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Est. payment /mo

5,150 SqFt


SOLD DATE : 11/15/2024

Key Details

Sold Price $2,700,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 5,150 sqft

Price per Sqft $524

MLS Listing ID CRTR24201947

Sold Date 11/15/24

HOA Y/N No

Originating Board Datashare California Regional

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

Interior

Heating Forced Air, Other

Cooling Central Air

Fireplace No

Appliance Dryer

Laundry Dryer, Washer, Other

Building

Lot Description Level, Other

Water Public

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Paul LeJoy

Broker-Owner | Lic# 01467744

+1(510) 299-0093

34906 Newark Blvd, Newark, CA

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