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157 Allen Ave Pasadena, CA 91106

$2,175,000 Sold Price as of 05/31/2019

2 Beds
8 Baths
3,965 Sq.Ft.

Sold

$2,175,000 Sold Price as of 05/31/2019 Refinance Your Mortgage

Map preview of 157 Allen Ave, Pasadena, CA 91106

Property Overview: 157 Allen Ave Pasadena, CA has 2 bedrooms, 8 bathrooms, 3,965 living square feet and 7,797 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Allen Apartments are a 7-unit, turn-key apartment building located in Pasadena just South of the 210 Freeway. Built in 1961, the subject property features a large two-bed / 1.5 bathroom townhouse unit, along with 6 studio apartments. Select individual units have been upgraded to include wood flooring and bathroom renovations. The property includes carport parking, additional storage units, and a community laundry room. Tenants benefit from its close proximity to various amenities including Pasadena City College, Cal Tech, Old Pasadena, and the Huntington Library. Drive-by Only.

Listed by KEVIN LUTZ | BRE #00925595 | PASADENA MARKET CENTER

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft: 7,797
HOA Dues: $0/mo
Year built: 1961
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: WS19102888
City: Pasadena
County: Los Angeles
Time on Site: 1521 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 1
# of Leased Units: 7
# of Electric Meters: 8
# of Gas Meters: 8
# of Water Meters: 1

Unit Breakdown 1

# of Units: 6
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,475
Total Rent: $8,850
Pro Forma/Market Rent: $9,450

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,400
Total Rent: $3,000
Pro Forma/Market Rent: $3,000

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.21%
Gross Rent Multiplier: 16.08
Gross Scheduled Income: $136,800
Net Operating Income: $92,639
Gross Operating Income: $132,696

Annual Expense Breakdown

Total Operating Expense: $40,057
Electric: $420
Gas/Fuel: $0
New Taxes: $24,334
Trash: $1,260
Insurance: $2,200
Professional Management: $0
Water/Sewer: $1,890

Property Details for 157 Allen Ave

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 7
Has Parking
Parking Features: Carport

Lot Information

Lot Features: Level with Street
Lot Size Source: Assessor

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 7
Year Built Source: Public Records
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: South of the 210 Freeway and East of Hill Ave

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Pasadena Agent

Sale History for 157 Allen Ave

Last sold for $2,175,000 on May 31st, 2019

May, 2019
May 31, 2019

Date

Sold

CRMLS: WS19102888

$2,175,000

Price
May 21, 2019

Date

Pending

CRMLS: WS19102888

$2,200,000

Price
May 4, 2019

Date

Active

CRMLS: WS19102888

$2,200,000

Price

Tax History for 157 Allen Ave

Recent tax history for this property

Year	Land Value	Improved Value	Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

157 Allen Ave sold on May 31, 2019 for 83.33% 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 $554.85 per/sqft which puts the price per square foot 28.96% lower than the current median sale per square foot for the city of Pasadena.

About 157 Allen Ave

Detailed summary of property

157 Allen Ave is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 2 bedrooms, 8 bathrooms, roughly 3,965 living square feet, and sits on an approximately 7,797 square foot lot. 157 Allen Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,175,000. 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 83.33% higher than the current median priced home. Local homes that are currently for sale include 2472 N Eastern Ave, 4311 Eagle Rock Blvd and 3850 Glenalbyn Dr. While the average home in Pasadena, CA is selling in 56 days, 157 Allen Ave has a days on market of 19 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 157 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 157 Allen Ave

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: --
Stories: --

Type: --
Pool: --
Spa: --
County: --
Lot#: --
APN: --

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

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (27.27%), FHA (0%), VA (0%), Cash (50%), Other (18.18%)

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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.