We are proud to offer this rare opportunity of a highly desirable income property located at 157 North Allen
Avenue, Pasadena, California. This well-maintained property is situated at the healthiest and most attractive submarket of the
San Gabriel Valley. It is a true pride-of-ownership estate.
Built in 1961, the property consists of one large two bedroom/one-and-a-half bathroom townhouse unit in the front and six
studio units in the back. The property is situated on a 7,840 square feet lot with total rentable space of 3,965 square feet.
Selected units have been upgraded with wood flooring and have gone through bathroom renovations. Amenities include
covered carport parking, extra storage units, and on-site laundry access. Each unit is separately metered for gas and electricity.
Several units are currently occupied with long term tenants; therefore, potential upside on overall rent is more than 25 percent.
The property is within walking distance or short drive to the Pasadena City College, California Institute of Technology, The
Huntington Library, and Old Town Pasadena. The city of Pasadena is well known for its historical heritage and fine dining
venues. It is bordered by the affluent city of San Marino and Sierra Madre. The median household income is $70,845. Recent
developments in the city of Pasadena have turned the town into the most revitalizing and coveted city in the San Gabriel
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.