157 N Allen Ave Pasadena, CA 91106

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

2 Beds
8 Baths
3,965 Sq.Ft.

Off Market

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

Map preview of 157 N Allen Ave, Pasadena, CA 91106

Property Overview: 157 N 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.

Home Value Compared to the Market

157 N Allen Ave is currently an off market home in the city of Pasadena. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Pasadena has a median list price of $1,250,000. The median price per/sqft for Pasadena is $756. With those numbers in mind, if you are looking to purchase a median priced home in Pasadena, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Pasadena the commission could be as much as $60,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 157 N Allen Ave

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

December, 2022
Dec 24, 2022

Date

Expired

CRMLS: CV22157222

$2,500,000

Price
Jul 18, 2022

Date

Active

CRMLS: CV22157222

$2,700,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the opportunity to acquire a 7 unit multifamily investment opportunity at 157 N. Allen Avenue, in Pasadena. Built in 1961 and very well maintained by the current ownership, this 3,965 square foot building consists of six studios, and a two bedroom unit, all with single baths. Situated only 12 miles northeast of Downtown Los Angeles, and countless options of boutiques, dining, galleries, and entertainment in nearby Old Town Pasadena. This property provides residents with excellent public transportation and quick access into Downtown Los Angeles and major places of business and pleasure within the region. This is an excellent value add opportunity. Buyer to be prequalified with ALB Commercial Capital. Please provide POF with offer to [email protected] This property can be purchased alone or as a portfolio of 3. The additional multifamily properties are a 12 unit building in Eagle Rock and a 12 unit building in Pasadena. Further details can be provided upon request.

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May, 2019
May 31, 2019

Date

Sold (Public Records)

Public Records

$2,175,000

Price
May, 2019
May 3, 2019

Date

Canceled

CRMLS: AR18230886

$2,200,000

Price
Apr 11, 2019

Date

Price Change

CRMLS: AR18230886

$2,200,000

Price
Mar 20, 2019

Date

Active

CRMLS: AR18230886

$2,288,000

Price
Mar 20, 2019

Date

Price Change

CRMLS: AR18230886

$2,288,000

Price
Dec 14, 2018

Date

Withdrawn

CRMLS: AR18230886

$2,350,000

Price
Sep 24, 2018

Date

Active

CRMLS: AR18230886

$2,350,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the Allen Apartments. This property has been heavily upgraded with new roof, new decking and five of the 7 units have undergone renovation so this is essentially a turn key property and the new owner will not need to do anything except collect rent. There is no rent control and this property is located within walking distance of Pasadena City College and the Allen Avenue gold line metro station so professionals working in downtown Los Angeles find this location hugely desirable. Within the vicinity are the Huntington Library, California Institute of Technology, the Paseo, Old Town Pasadena, JPL, so there are a range of tenants attracted to these units. Pasadena is the cultural hub of the San Gabriel Valley with the playhouse district, old Pasadena, South Lake business district, civic center, He-Art district, everything you need is located within the walls of this city.

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November, 2017
Nov 21, 2017

Date

Sold

CRMLS: CV17229725

$1,770,000

Price
Nov 13, 2017

Date

Pending

CRMLS: CV17229725

$1,948,000

Price
Nov 6, 2017

Date

Active Under Contract

CRMLS: CV17229725

$1,948,000

Price
Oct 5, 2017

Date

Active

CRMLS: CV17229725

$1,948,000

Price
Listing provided courtesy of CRMLS

We are proud to offer this rare opportunity of a highly desirable income property located at 157 North Allen Avenue, Pasadena, California. This well-maintained property is situated at the healthiest and most attractive submarket of the San Gabriel Valley. It is a true pride-of-ownership estate. Built in 1961, the property consists of one large two bedroom/one-and-a-half bathroom townhouse unit in the front and six studio units in the back. The property is situated on a 7,840 square feet lot with total rentable space of 3,965 square feet. Selected units have been upgraded with wood flooring and have gone through bathroom renovations. Amenities include covered carport parking, extra storage units, and on-site laundry access. Each unit is separately metered for gas and electricity. Several units are currently occupied with long term tenants; therefore, potential upside on overall rent is more than 25 percent. The property is within walking distance or short drive to the Pasadena City College, California Institute of Technology, The Huntington Library, and Old Town Pasadena. The city of Pasadena is well known for its historical heritage and fine dining venues. It is bordered by the affluent city of San Marino and Sierra Madre. The median household income is $70,845. Recent developments in the city of Pasadena have turned the town into the most revitalizing and coveted city in the San Gabriel Valley.

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November, 2017
Nov 21, 2017

Date

Sold (Public Records)

Public Records

$1,770,000

Price

Tax History for 157 N Allen Ave

Assessed Value (2020): $2,220,030

Year	Land Value	Improved Value	Assessed Value
2020	$887,400	$1,332,630	$2,220,030

About 157 N Allen Ave

Detailed summary of property

157 N Allen Ave is categorized with a use code of Apartment House (5+ Units) in Pasadena, CA 91106 and last sold on May 31, 2019 for $2,175,000. This property has 2 bedrooms, 8 bathrooms, roughly 3,965 living square feet, and sits on an approximately 7,797 square foot lot. Homes 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 81.25% higher than the current median priced home. 157 N Allen Ave was last sold on May 31, 2019 for $2,175,000. Local nearby listings include 1510 E Del Mar Blvd, 361 S Berkeley Ave and 165 S Roosevelt Ave. The average home in Pasadena, CA is selling in 57 days. There are currently 334 homes for sale in the Pasadena real estate market and 175 of them are single family homes while 122 of them are condos and 37 are townhomes. If you are the homeowner and looking to sell the home at 157 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 157 N Allen Ave

Public county record property details

Beds: 2
Baths: 8
Year built: 1961
Sq. Ft.: 3,965
Lot Size: 7,797
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 64
APN: 5737-014-068

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

$1,059,000

Median List Price/Sq.Ft.

$716

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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(714) 706-1823

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