$2,010,000
SOLD JAN 15, 2025

1468 Allen Ave Pasadena, CA 91104

8 Beds
5 Baths
4,185 Sq Ft
0.27 Acres

Recently Sold

$480 Per Sq Ft

1% Above List Price

56 Days on Market

Highlights

  • No Units Above
  • Hiking Trails
  • Cooling Available
  • Pasadena High School Rated A
  • Fireplace
  • Laundry Room

About This Home

As of January 2025

Property to be sold only in combination with 1458 N. Allen, immediately adjacent to the south for a total of 10 units on two parcels at $3,975,000. Individual laundry in each unit and enclosed garage space for each unit. Two duplexes and one SFR with fireplace. All roofs have been recently replaced except for the garage. The property has been well maintained over the years.

Last Agent to Sell the Property

David Brock

Beven & Brock Property Management Company, Inc Brokerage Email: dave@bevenandbrock.com License #00644454 Listed on: 08/19/2024

Last Buyer's Agent

Gabriel Chahinian

Coldwell Banker Realty License #02153545

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.27 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Block Wall Fence
  • 1458 N. Allen See remarks

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • Apartment

Interior Spaces

  • 4,185 Sq Ft Home
  • Fireplace
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 116
  • Tax Tract Number 461
  • Assessor Parcel Number 5852004042
  • Seller Considering Concessions

Community Details

Overview

  • 4 Buildings

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,224
  • Gardener Expense $2,200
  • Insurance Expense $3,052
  • Maintenance Expense $2,976
  • Other Expense $207
  • Professional Management Expense $5,014
  • Trash Expense $2,200
  • Water Sewer Expense $1,574
  • New Taxes Expense $22,121
  • Operating Expense $38,369
  • Gross Income $125,364
  • Net Operating Income $86,995

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 4.80
  • Improvements Percent: 85.00
  • Professional Management Expense: 5014.00
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 1574.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2200.00
  • Parcel Number: 5852004042
  • Year Built: 1953
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall, No One Below, No One Above
  • Appliances: Yes
  • Price Per Square Foot: 480.29

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2200.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Hiking, Gutters

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 1458 N. Allen See remarks
  • Land Lease: No
  • Land Value Percent: 15.00
  • Lot Size Sq Ft: 11783.00
  • Lot Size Acres: 0.2705

Multi Family

  • Electric Expense: 1224.00
  • Gross Income: 125364.00
  • Gross Multiplier: 14.50
  • Gross Scheduled Income: 125364.00
  • Insurance Expense: 3052.00
  • Lot Size Area: 11783.0000 Square Feet
  • Maintenance Expense: 2976.00
  • Net Operating Income: 86995.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Operating Expense: 38369.00
  • Operating Expense Percent: 31.00
  • Other Expense: 207.00
  • Rent Control: Yes
  • Total Actual Rent: 125364.00
  • Total Expenses: 38369.00

Tax Info

  • New Taxes Expense: 22121.00
  • Tax Lot: 116
  • Tax Tract: 2123
  • Tax Tract Number: 461...

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2025 01/15/25 Sold $2,010,000 +10.7% $480 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
09/26/2024 09/26/24 Price Changed $1,815,000 -9.2% $434 / Sq Ft
08/19/2024 08/19/24 For Sale $1,998,000 -- $477 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Brock

    Seller's Agent in 2025

    David Brock

    Beven & Brock Property Management Company, Inc

    (626) 390-3099

    4 in this area

    24 Total Sales

    David Brock
    Section Image
  • Gabriel Chahinian

    Buyer's Agent in 2025

    Gabriel Chahinian

    Coldwell Banker Realty

    (647) 580-5818

    2 in this area

    3 Total Sales

    Gabriel Chahinian
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-18932

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Pasadena 91104

1468 Allen Ave, Pasadena, CA

Sold

MultiFamily

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