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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.
Property Type(s):
Residential Income
| Last Updated | 4/7/2026 | Year Built | 1986 |
|---|---|---|---|
| Community | 645 - Pasadena (NW) | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Gas Oven, Water Heater |
| AREA | 645 - Pasadena (NW) |
| CONSTRUCTION | Frame, Stucco |
| EXTERIOR | Balcony, Lighting |
| HEAT | Central |
| INTERIOR | Storage, Track Lighting |
| LOT | 10319 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 10320 |
| PARKING | Assigned, Concrete, Covered, Carport, Community Structure |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Modern |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Mountain(s) |
| WATER | Public |
Location
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Listed with KW Commercial
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