Apartment for sale in Southern California — $2,838,000. 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…
$2,838,000
1836 N Allen, Pasadena, CA 91104
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 updated: May 12, 2026 at 2:17 PM
Listed by: Ken Shah, KW Commercial
Source: CRMLS, MLS#: IG26074366, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
5/12/2026 Source: CRMLS, #IG26074366 | Price change | $2,838,000-4.7% |
| 4/07/2026Source: CRMLS, #IG26074366 | Listed for sale | $2,978,000 |
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