1836 N Allen, Pasadena, CA 91104
- $2,688,999
- List Price
- $2,688,999
- Price Change
- ▼ $149,001 1784701745
- Status
- ACTIVE
- MLS#
- IG26074366
- Year Built
- 1986
- Lot Size
- 10,320
- Acres
- 0.24
- Lot Location
- Rectangular Lot, Walkstreet
- Days on Market
- 112
- Property Type
- Multifamily
- Style
- Modern
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Well-maintained asset with a stable, long-term tenant base and below-market rents, offering a clear value-add opportunity through rental repositioning. The property provides a low-maintenance operational profile with strong fundamentals, making it ideal for investors seeking both stability and upside in a supply-constrained submarket. 6-unit townhome-style apartment building consisting of spacious 2-bedroom, 2-bath units averaging approximately 993 SF. Each unit features a two-story layout with 2 parking spaces per unit, on-site coin-operated laundry, and recent upgrades including HVAC and electrical panels. First time on the market in over 30 years with significant rental upside. Located in a desirable Altadena/Pasadena submarket near N. Allen Ave and New York Dr, the property benefits from a quiet residential setting with close proximity to major employment centers, retail corridors, and Pasadena amenities. The area is known for strong tenant demand, high-income demographics, and limited multifamily inventory.
/u.realgeeks.media/edwarduriarte/headers/euc-web-header-compassrealtor1.png)
Additional Information
- Appliances
- Dishwasher, Gas Oven, Water Heater
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights, Mountain(s)
- Exterior Construction
- Frame, Stucco
- Roof
- Common Roof, Flat
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Storage, Track Lighting, All Bedrooms Up
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $165,112
- Operating Expense
- 54099
Listing courtesy of Listing Agent: Ken Shah (KEN@KENSHAH.COM) from Listing Office: KW Commercial.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.