Request Offering Memorandum

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157 N Allen Ave

Pasadena, CA. 91006

ALLEN APARTMENTS

7 NON-RENT CONTROL UNITS

Call us! 626.204.3300

ABOUT THE ASSET

SUMMARY
PROPERTY DESCRIPTION

The Allen Apartments represent an exclusive opportunity to acquire a 7-unit apartment building in a highly desirable rental area. Built in 1961, the subject property features a large two-bedroom / one-bath unit, along with 6 studio apartments.

Select individual units have been upgraded to include wood-flooring and bathroom renovations. The property includes carport parking, additional storage units and a laundry room.

Tenants benefit from its close proximity to various amenities including Pasadena City College, Cal Tech, Old Pasadena and the Huntington Library.

PRICE
PRICE/UNIT
PRICE/SF
GRM
CAP
UNITS
YEAR BUILT
GROSS SF
LOT SF
APN
$2,175,000
$310,714
$548.55
15.63
4.37%
7
1961
3,965
7,797
5737-014-068

EXTENSIVE CAPITAL IMPROVEMENTS:

New Roof

5 of 7 Units Completely Rehabbed

New Decking 2018

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805