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.
100 days
|
143
|
9
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Zillow last checked:
Listing updated:
Listed by:
Ken ShahDRE #01959110909-803-7676,
KW Commercial,
Mariam MkrtchyanDRE #01999603,
KELLER WILLIAMS EMPIRE ESTATES
Source: CRMLS,MLS#: IG26074366Originating MLS: California Regional MLS
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 12
Rooms
Room types: Bedroom, Family Room, Kitchen
Bedroom
Features: All Bedrooms Up
Heating
Central
Cooling
Central Air
Appliances
Included: Dishwasher, Gas Oven, Water Heater
Laundry: Common Area
Features
Balcony, Storage, Track Lighting, All Bedrooms Up
Flooring: Carpet, Tile
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls,No One Above
Interior area
Total structure area: 5,959
Total interior livable area: 5,959 sqft
Property
Parking
Total spaces: 12
Parking features: Assigned, Concrete, Covered, Carport, Community Structure
Carport spaces: 12
Features
Levels: Two
Stories: 2
Entry location: Front door
Exterior features: Lighting
Pool features: None
Fencing: Brick,Wood
Has view: Yes
View description: City Lights, Mountain(s)
Lot
Size: 10,320 Square Feet
Features: Rectangular Lot, Walkstreet
Details
Parcel number: 5852001013
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Modern
Property subtype: Multi Family
Attached to another structure: Yes
Materials
Frame, Stucco
Foundation: Concrete Perimeter
Roof: Common Roof,Flat
Condition
Repairs Cosmetic,Turnkey
New construction: No
Year built: 1986
Utilities & green energy
Electric: Standard
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
Features: Biking, Curbs, Foothills, Storm Drain(s), Street Lights, Sidewalks
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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