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67 S Allen Ave, Pasadena, CA 91106
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67 S Allen Ave Pasadena, CA 91106

$2,613,000 Sold Price as of 03/30/2021
  • 14 Beds
  • 9 Baths
  • 6,650 Sq.Ft.
Sold
$2,613,000 Sold Price as of 03/30/2021 Refinance Your Mortgage
Map preview of 67 S Allen Ave, Pasadena, CA 91106

Property Overview: 67 S Allen Ave Pasadena, CA has 14 bedrooms, 9 bathrooms, 6,650 living square feet and 8,621 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: HUGE, HUGE PRICE REDUCTION!! We are pleased to present this 8 unit apartment building in prime Real Estate location of Pasadena. Property is 2 blocks from Pasadena City college, Cal Tech is 4 blocks and 1/2 a block to Colorado Blvd, site of the Tournament of Roses Parade route. This sought after Rental area is located in a short distance to multiple popular districts such as Old Town Pasadena, Lake Ave Business District, Rose Bowl, NASA's Jet Propulsion Laboratory, area Museums and the Famous Pasadena Playhouse District. Property offers tenants convenient proximity to all dining, entertainment, transportation, College, nightlife and so much more!! The offering sits on 8,621 Square Feet of land and 6,650 Livable Square Feet. Property features large units with great unit mix. 3 bedroom 1 and 3/4 baths Penthouse unit with great views, FOUR 2 bedroom 1 bath and THREE 1 bedroom 1 bath units.

Listed by RAFAEL MELGOZA | BRE #00854747 | IRN REALTY
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 122

Home details

Lot Sq. Ft
8,621
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
WS20218937
City
Pasadena
County
Los Angeles
Time on Site
1434 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,525
  • Total Rent: $1,525
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,525
  • Total Rent: $1,525
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,525
  • Total Rent: $1,525
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $1,275
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,595
  • Total Rent: $2,595
  • Pro Forma/Market Rent: $2,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 16.4
  • Gross Scheduled Income: $158,340
  • Net Operating Income: $104,057
  • Gross Operating Income: --
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: $54,483
  • Gas/Fuel: $0
  • New Taxes: $30,000
  • Trash: $5,736
  • Insurance: $4,200
  • Maintenance: $3,800
  • Professional Management: $7,917
  • Water/Sewer: $2,830

Property Details for 67 S Allen Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community, Individual Room
Interior Features
  • Levels: Two, Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Attached Carport, Detached Carport
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5736025012
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Colorado Bl and Allen Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Pasadena Agent

Sale History for 67 S Allen Ave

Last sold for $2,613,000 on March 30th, 2021

  • April, 2021

  • Apr 1, 2021

    Date

    Sold

    CRMLS: WS20218937

    $2,613,000

    Price

  • Mar 4, 2021

    Date

    Pending

    CRMLS: WS20218937

    $2,598,000

    Price

  • Feb 7, 2021

    Date

    Price Change

    CRMLS: WS20218937

    $2,598,000

    Price

  • Nov 10, 2020

    Date

    Active

    CRMLS: WS20218937

    $2,898,000

    Price

  • Nov 6, 2020

    Date

    Pending

    CRMLS: WS20218937

    $2,898,000

    Price

  • Oct 16, 2020

    Date

    Active

    CRMLS: WS20218937

    $2,898,000

    Price

  • December, 2019

  • Dec 12, 2019

    Date

    Canceled

    CRMLS: WS19164879

    $3,278,000

    Price

  • Oct 31, 2019

    Date

    Price Change

    CRMLS: WS19164879

    $3,278,000

    Price

  • Sep 17, 2019

    Date

    Price Change

    CRMLS: WS19164879

    $3,375,000

    Price

  • Jul 12, 2019

    Date

    Active

    CRMLS: WS19164879

    $3,490,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present this 8 unit apartment building in prime Real Estate location of Pasadena. Property is 2 blocks away from Pasadena City college, Cal Tech is 4 blocks away and 1/2 a block away to Colorado Blvd, site of the Tournament of Roses Parade route. This sought after Rental area is located in a short distance to multiple popular districts such as Old Town Pasadena, Lake Ave Business District, Rose Bowl, NASA's Jet Propulsion Laboratory, area Museums and the Famous Pasadena Playhouse District. Property offers tenants convenient proximity to all dining, entertainment, transportation, College, nightlife and so much more!! The offering sits on 8,621 Square Feet of land and 6,650 Livable Square Feet. Property features large units with great unit mix. 3 bedroom 1 and 3/4 baths Penthouse unit with great views, FOUR 2 bedroom 1 bath and THREE 1 bedroom 1 bath units. It offers an investor the opportunity to dramatically increase the rental income, adding value to the investment.

  • July, 2019

  • Jul 11, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2018

  • Jul 25, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 67 S Allen Ave

Assessed Value (2020): $638,520
Year Land Value Improved Value Assessed Value
2020 $182,271 $456,249 $638,520

Home Value Compared to the Market

This property vs the competition

67 S Allen Ave sold on March 30, 2021 for 116.5% 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 $390.68 per/sqft which puts the price per square foot 49.98% lower than the current median sale per square foot for the city of Pasadena.

About 67 S Allen Ave

Detailed summary of property

67 S Allen Ave is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 14 bedrooms, 9 bathrooms, roughly 6,650 living square feet, and sits on an approximately 8,621 square foot lot. 67 S Allen Ave was first listed on ArdentRealEstateGroup.com on October 16, 2020. The homeowner sold the property for $2,613,000. 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 116.5% higher than the current median priced home. Local homes that are currently for sale include 600 N Soto St, 234 N Chicago St and 2140 Lemoyne St. While the average home in Pasadena, CA is selling in 56 days, 67 S Allen Ave has a days on market of 122 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 67 S 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 67 S Allen Ave

Public county record property details
Beds
13
Baths
8
Year built
1963
Sq. Ft.
6,650
Lot Size
8,600
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5736-025-012

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%)

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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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