1836 Allen

Pasadena, CA, 91104

For Sale $2,978,000

0.24acre

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.

Listing agents:

Ken Shah

License #01959110

KW Commercial

Mariam Mkrtchyan

License #01999603

KELLER WILLIAMS EMPIRE ESTATES

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1836 Allen is a Residential Income Apartment property located in Pasadena, California, featuring a 0.237 acre lot, MLS #IG26074366.

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Data last modified: 2026-04-07 17:54:38

1836 Allen

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