ABOUT THE ASSET

SUMMARY

PROPERTY DESCRIPTION

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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.

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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.

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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