51 S Allen Avenue

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.

Listing information courtesy of: Vincent Yan, Berkshire Hathaway HomeServices California Properties 626-512-8333. *Based on information from the Association of REALTORS/Multiple Listing as of 11/13/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.