$2,838,000
-$140,0001836 N Allen, Pasadena CA 91104
Multi-Family (6 Units)
Property type
59 days
On market
$476
Price per sqft
0 cars
Garage
1986
Year built
10,320 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Ken Shah DRE #01959110, KW Commercial, Mariam Mkrtchyan DRE #01999603, KELLER WILLIAMS EMPIRE ESTATES
Listing updated: May 12, 2026 at 09:17pm.
Last checked: Jun 4, 2026 at 07:00am
Source: CRMLS #IG26074366
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $2,000 | $24,000 | $3,100 | Unfurnished |
| 1 | 2 | 2 | — | $2,400 | $28,800 | $3,100 | Unfurnished |
| 1 | 2 | 2 | — | $2,900 | $34,800 | $3,100 | Unfurnished |
| 1 | 2 | 2 | — | $1,996 | $23,952 | $3,100 | Unfurnished |
| 1 | 2 | 2 | — | $2,280 | $27,360 | $3,100 | Unfurnished |
| 1 | 2 | 2 | — | $2,130 | $25,200 | $3,100 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Separate Electric Meters: 7
Separate Gas Meters: 6
Separate Water Meters: 1
Carpet: 6
Dishwasher: 6
Rent Control: Yes
Units Leased: 6
Total Actual Rent: $164,112
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
17.2x
List Price / Annual Gross Rent
Cap Rate
4.13%
NOI / List Price
Gross Scheduled Income: $165,112
Vacancy Allowance Rate: 2%
Operating Expense: $54,099
Net Operating Income: $122,973
Annual Operating Expenses
Electric: $840
Gardener: $1,200
Insurance: $11,500
Licenses: $560
Maintenance: $1,500
New Taxes: $30,160
Professional Management: $4,895
Trash: $3,444
Water / Sewer: $2,016
Interior
Interior Features: Balcony, Storage, Track Lighting, All Bedrooms Up
Room Type: Bedroom, Family Room, Kitchen
Flooring: Carpet, Tile
Cooling: Central Air
Heating: Central
Appliances: Dishwasher, Gas Oven, Water Heater
Fireplace: None
Laundry: Common Area
Entry Location: Front Door
Exterior
Architectural Style: Modern
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Common Roof, Flat
Foundation: Concrete Perimeter
Construction Materials: Frame, Stucco
Property Condition: Repairs Cosmetic, Turnkey
Exterior: Lighting
Common Walls: Two Common Walls Or More, No One Above
Security Features: Carbon Monoxide Detectors, Smoke Detectors, Security Lights
Lot Features: Rectangular Lot, Walkstreet
Pool: None
Fencing: Brick, Wood
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: City Lights, Mountains
Road Frontage Type: City Street
Road Surface Type: Alley Paved, Paved
Garage and Parking
Parking: Assigned, Concrete, Covered, Carport, Community Structure
Garage Spaces: 0
Carport Spaces: 12
Parking Total: 12
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5852001013
Additional Parcels: No
Tax Lot: 1
Tax Block: H
Community
Senior Community: No
Community Features: Biking, Curbs, Foothills, Storm Drains, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 1836 N Allen, Pasadena, CA 91104. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,270,400
Total Interest
$2,895,770
Total Payment
$5,166,170
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,457
per month
Property History for 1836 N Allen
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91104.
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