$2,688,999
About this home
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.
Facts & features
- Interior features
- Balcony, Storage, Track Lighting, All Bedrooms Up
- Appliances
- Dishwasher, Gas Oven, Water Heater
- Flooring
- Carpet, Tile
- Fireplace
- None
- Heating
- Central
- Cooling
- Central Air
- Laundry
- Common Area
- Levels
- Two
- Lot size
- 0.237 acres (10,320 sq ft)
- Pool
- None
- View
- City Lights, Mountains
- Architectural style
- Modern
- Year built
- 1986
- Parking
- Assigned, Concrete, Covered, Carport, Community Structure
- Parking spaces
- 12
- Area
- 645 - Pasadena (NW)
- County
- Los Angeles
- Community features
- Biking, Curbs, Foothills, Storm Drains, Street Lights, Sidewalks
- Status
- Active
- Property type
- Apartment
- Days on market
- 105
- Listed
- 2026-04-07
- Original price
- $2,978,000
- Terms
- Cash To New Loan, Conventional, Exchange 1031, Owner May Carry
- Parcel #
- 5852001013
- MLS #
- IG26074366
