Pasadena, CA 91104 1540 N Allen Ave.

1540 N Allen Ave. Pasadena, CA - Image 11540 N Allen Ave. Pasadena, CA - Image 2
Presented By: Katie Manes with Keller Williams Realty; 626 298-1025
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PW25145891
  • 06/30/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 2
  • Baths • 1
  • SQFT • 2,518
  • Garage • 2

Home Details

A prime investment opportunity on the Altadena/Pasadena border - this 4-plex is comprised of three 2 bed/1bath units and one studio. The apartments are clean and generously sized with in-unit laundry (except studio) as well as air conditioning. Each unit has assigned off street parking. The property has been lovingly maintained by the same family for decades and with some upgrades and extensive interior and exterior remediation following the Eaton Fire (scheduled to be completed within the next couple of weeks). With its desirable location, well-maintained units and stable tenant base, this investment offers both immediate returns and long-term growth potential.
Presented By: Katie Manes with Keller Williams Realty; 626 298-1025

Interior Features for 1540 N Allen Ave.

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInGarage, InKitchen
Total Stories1

Other Rooms

Entry Level1

General for 1540 N Allen Ave.

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces1.0
Carport Y/NYes
CityPasadena
Community FeaturesSidewalks
CountyLos Angeles
DirectionsNorth of Washington Blvd on Allen before Layton
Electric Expense0.0
Entry Locationfront door
ExclusionsTenant personal property
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income80748.0
HOANo
Home Warranty Y/NNo
Insurance Expense1500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet7439.0
Lot Size UnitsSquareFeet
MLS Area646 - Pasadena (NE)
Maintenance Expense1000.0
MobileHomeRemainsYNNo
Net Operating Income76248.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces3.0
Operating Expense4500.0
Pool FeaturesNone
PostalCityPASADENA
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories Count1
Tax Lot11
Tenant PaysElectricity, Gas
Trash Expense0.0
Water Sewer Expense1500.0
Year Built1946
Year Built SourcePublicRecords

Exterior for 1540 N Allen Ave.

Building Area Total2518.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1708
Lot Size Area7439.0
Lot Size SourcePublicRecords
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,250,000
MLS#PW25145891
List Date 06/30/2025
Property Type Multi-Family
Phone 714.742.6515
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