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106 N Allen Ave, Pasadena, CA 91106
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106 N Allen Ave Pasadena, CA 91106

$1,325,000 Sold Price as of 10/22/2019
  • 8 Beds
  • 5 Baths
  • 3,834 Sq.Ft.
Sold
$1,325,000 Sold Price as of 10/22/2019 Refinance Your Mortgage
Map preview of 106 N Allen Ave, Pasadena, CA 91106

Property Overview: 106 N Allen Ave Pasadena, CA has 8 bedrooms, 5 bathrooms, 3,834 living square feet and 8,030 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this 5 unit apartment building located at 106 N Allen Avenue in Pasadena, California. Built in 1920, the offering consists of 1 Studio/one-bathroom, 3 two-bedroom/one bathroom units and a two-bedroom/one-bathroom house. The property is situated on a 8,029-square foot lot with 3,834-square feet of gross rentable area and is an ideal opportunity for an owner user or investor to capitalize on the cash flow potential of the property. Situated in one of the most sought after pockets of Pasadena, The Property is within walking distance to Pasadena City College and minutes away from the premier dining, shopping & entertainment destination of Old Town Pasadena.

Listed by Filip Niculete | BRE #01905352 | Marcus & Millichap
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
8,030
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19484494
City
Pasadena
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $975
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,725
  • Total Rent: $1,725
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.24%
  • Gross Rent Multiplier: 13.26
  • Gross Scheduled Income: --
  • Net Operating Income: $70,685
  • Gross Operating Income: $101,820
  • Improvements Total: $83,629
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 106 N Allen Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Other
Property Information
  • Total # of Units: 5
  • Parcel Number: 5746017051
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Amenities: Other
Location / Neighborhood
Location Information
  • Directions: N Allen & E Walnut St
View more facts & features

Local Pasadena Agent

Sale History for 106 N Allen Ave

Last sold for $1,325,000 on October 22nd, 2019

  • October, 2019

  • Oct 23, 2019

    Date

    Sold

    CRMLS: 19484494

    $1,325,000

    Price

  • Jul 30, 2019

    Date

    Pending

    CRMLS: 19484494

    $1,350,000

    Price

  • Jul 2, 2019

    Date

    Active

    CRMLS: 19484494

    $1,350,000

    Price

  • October, 2019

  • Oct 22, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,325,000

    Price

  • June, 2019

  • Jun 11, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 106 N Allen Ave

Assessed Value (2020): $1,325,000
Year Land Value Improved Value Assessed Value
2020 $660,000 $665,000 $1,325,000

Home Value Compared to the Market

This property vs the competition

106 N Allen Ave sold on October 22, 2019 for 12.5% higher than the current median sold price for the city of Pasadena which is $1,200,000. The median sold price per/sqft for Pasadena is $781 and this home is sold at $352.11 per/sqft which puts the price per square foot 54.92% lower than the current median sale per square foot for the city of Pasadena.

About 106 N Allen Ave

Detailed summary of property

106 N Allen Ave is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 8 bedrooms, 5 bathrooms, roughly 3,834 living square feet, and sits on an approximately 8,030 square foot lot. 106 N Allen Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,325,000. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 12.5% higher than the current median priced home. Local homes that are currently for sale include 110 E Washington Blvd, 1860 N Summit Ave and 1758 Lincoln Ave. While the average home in Pasadena, CA is selling in 56 days, 106 N Allen Ave has a days on market of 28 days. There are currently 335 homes for sale in the Pasadena real estate market and 179 of them are single family homes while 119 of them are condos and 37 are townhomes. For more information on this home for sale at 106 N Allen Ave Pasadena, CA 91106 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 106 N Allen Ave

Public county record property details
Beds
9
Baths
5
Year built
1920
Sq. Ft.
3,834
Lot Size
8,029
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
5746-017-051

The source for these homes facts are from public records.

91106 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,080,000
Median List Price/Sq.Ft.
$719
Median Sold Price
$850,000
Median Sold Price/Sq.Ft.
$753
Total Inventory
59
Median Sale to List Price %
100%
Avg Days on Market
29
Loan Type
Conventional (27.27%), FHA (0%), VA (0%), Cash (50%), Other (18.18%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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