A prime investment opportunity on the Altadena/Pasadena border - this 4-plex is comprised of three 2 bed/1bath units and one studio. The apartments are clean and generously sized with in-unit laundry (except studio) as well as air conditioning. Each unit has assigned off street parking. The property has been lovingly maintained by the same family for decades and with some upgrades and extensive interior and exterior remediation following the Eaton Fire (scheduled to be completed within the next couple of weeks). With its desirable location, well-maintained units and stable tenant base, this investment offers both immediate returns and long-term growth potential.
Sold for $1,100,000
Listed by: Keller Williams Realty • Katie Manes • Contact: 626-298-1025
Bought with: Vista Sotheby's International Realty
$1,100,000
1540 N Allen Ave, Pasadena, CA 91104
6beds
4baths
2,518sqft
Quadruplex
Built in 1946
-- sqft lot
$1,251,900 Zestimate®
$437/sqft
$3,296 Estimated rent
Home value
$1,251,900
$1.14M - $1.38M
$3,296/mo
Zestimate® history
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$6,960/mo
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In-unit laundryAssigned off street parkingAir conditioning
Zillow last checked:
Listing updated:
Listed by:
Katie Manes DRE #02190642 626298-1025,
Keller Williams Realty,
Nick Manes DRE #01936175 626-862-1633,
Keller Williams Realty
Bought with:
Trina Gagliano, DRE #02119318
Vista Sotheby's International Realty
Source: CRMLS,MLS#: PW25145891
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Appliances
- Laundry: In Garage, In Kitchen
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,518
- Total interior livable area: 2,518 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage, Carport
- Garage spaces: 2
- Carport spaces: 1
- Covered spaces: 3
- Uncovered spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: front door
- Pool features: None
Lot
- Size: 7,439 Square Feet
Details
- Parcel number: 5852004017
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Pasadena
Financial & listing details
- Price per square foot: $437/sqft
- Tax assessed value: $599,587
- Annual tax amount: $8,889
- Date on market: 6/30/2025
- Cumulative days on market: 8 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Exclusions: Tenant personal property
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2025 | Sold | $1,100,000-12%$437/sqft |
Source:  CRMLS #PW25145891 Report a problem | ||
| 8/13/2025 | Pending sale | $1,250,000$496/sqft |
Source: CRMLS #PW25145891 Report a problem | ||
| 7/8/2025 | Contingent | $1,250,000$496/sqft |
Source: CRMLS #PW25145891 Report a problem | ||
| 6/30/2025 | Listed for sale | $1,250,000$496/sqft |
Source: CRMLS #PW25145891 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,889 +6.3% | $599,587 +2% |
| 2024 | $8,360 +5.2% | $587,846 +2% |
| 2023 | $7,944 +3.4% | $576,336 +2% |
| 2022 | $7,686 +7.3% | $565,051 +2% |
| 2021 | $7,164 +3.7% | $553,988 +1% |
| 2020 | $6,911 | $548,316 +2% |
| 2019 | $6,911 -0.2% | $537,580 +2% |
| 2018 | $6,927 | $527,055 +2.2% |
| 2017 | $6,927 +1% | $515,957 +2% |
| 2016 | $6,855 +2.3% | $505,842 +1.5% |
| 2015 | $6,700 +2.7% | $498,245 +2% |
| 2014 | $6,523 | $488,486 +4.5% |
| 2011 | -- | $467,398 +0.8% |
| 2010 | -- | $463,906 -0.2% |
| 2009 | -- | $465,009 +2% |
| 2008 | -- | $455,893 +4% |
| 2006 | -- | $438,192 |
| 2005 | -- | $438,192 +6% |
| 2003 | -- | $413,461 +26.4% |
| 2000 | -- | $327,000 |
Find assessor info on the county website
Neighborhood: East Central
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Nearby schools
GreatSchools rating
- 5/10Daniel Webster SchoolGrades: K-5Distance: 0.4 mi
- 2/10Eliot Arts MagnetGrades: 6-8Distance: 1.3 mi
- 7/10Pasadena High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$1,251,900
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Estimated market value
$1,251,900
- California
- Los Angeles County
- Pasadena
- 91104
- East Central
- 1540 N Allen Ave
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