1836 N Allen Pasadena, CA $ 2,978,000
1836 N Allen
$ 2,978,000
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1836 N Allen

Pasadena, CA, 91104
$ 2,978,000
Baths0.0 Sq 5,959

Monthly Estimate*

$ 18,336

Listed by KW Commercial
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Studio

Multi-Family Home for sale in Pasadena, CA

for $2,978,000. This 5,959 square foot home was built in 1986 on a lot size of 0.2369.

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.

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Multi-Family Active

Price

$ 2,978,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2369

Year Built

1986

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

IG26074366

Days on Market

7

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Common Roof Flat
Appliances Dishwasher Gas Oven Water Heater
Garage Spaces 0
Architectural Style Modern
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s) Security Lights
Construction Materials Frame Stucco
Year Built 1986
Electric Standard
Tenant Pays Electricity Gas
View City Lights Mountain(s)
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 165112
Community Features Biking Curbs Foothills Storm Drain(s) Street Lights Sidewalks
County Los Angeles
Net Operating Income 122973
Operating Expense 54099
Insurance Expense 11500
New Construction false
Property Type Residential Income
Contingency Seller to 1031 in to another property at no cost to buyer
MaintenanceExpense 1500
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions N Allen ave and New Yourk St
City Pasadena
Disclosures Covenants/Restrictions Disclosure
Entry Location Front door
Senior Community Y/N false
Number Of Units Total 6
MLS Area 645 - Pasadena (NW)
Lot Size Units Square Feet
Lot Size Square Feet 10320
Carport Spaces 12
Carport Y/N true
Number of Units Leased 6
Listing Terms Cash to New Loan Conventional 1031 Exchange Owner May Carry
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 840
Property Condition Repairs Cosmetic Turnkey
Trash Expense 3444
Water Sewer Expense 2016
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Appraiser
Tax Lot 1
Total Actual Rent 164112
Property Sub Type Additional Apartment
Taxes 30160
Cap Rate 4.13
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Interior
Interior Amenities Balcony Storage Track Lighting All Bedrooms Up
Flooring Carpet Tile
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls No One Above
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Exterior Amenities Lighting
Fencing Brick Wood
Parking Features Assigned Concrete Covered Carport Community Structure
Lot Features Rectangular Lot Walkstreet
Water Source Public
Total Parking 12
Lot Size Area 10320
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 5959
Lot Size Acres 0.2369
Road Surface Type Alley Paved Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 7
Road Frontage Type City Street
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* Excluded Features
List By
Kw Commercial

Broker

KEN@KENSHAH.COM

Email

Affordability Calculator

$18,336
Per Month
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Monthly Principal & Interest
$18,336
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/7/2026$2,978,000 Listed Price

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1836 N Allen, Pasadena, CA, 91104 is a Multi-Family Home for sale at $2,978,000 with 5,959 sqft and a lot size of 0.2369. 1836 N Allen is a studio with 0.0 baths and was built in 1986. The property's zip code is 91104 which is in Pasadena, CA