157 N Allen Ave
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157 N Allen Ave
7 Unit Apartment Building $3,591,125 CAD ($513,018 CAD/Unit) 4.29% Cap Rate Pasadena, CA 91106
Investment Highlights
- Upside on rents!
- Building is desireable and always rented
- Prime rental Location
Executive Summary
Great opportunity to own a 7 unit buildinng in the Vibrant Mid-central Marceline Neighborhood pf Pasadena ca. Situated only 12 miles northeast of downtown Los Angeles, and just two blocks from Pasadena community College and a short distance from Cal Tech. Ideal location easy access to Metro Goldline station and 210 freeway plus close to many restaraunts, retail shopping and Old town pasadena, the Santa Anita FashionPark Mall, Santa Anita Race Track, Huntington Library & Gardens. Property can be purchased in a portfolio to include a 12 unit in LA & 12 units in Pasadena call for details.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,591,125 CAD | Apartment Style | Low Rise |
| Price Per Unit | $513,018 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.29% | Building Size | 3,965 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.47 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.76/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,591,125 CAD |
| Price Per Unit | $513,018 CAD |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 16.47 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,965 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.76/1,000 SF |
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $3,045 CAD | 475 |
| 2+1.5 | 1 | $4,309 CAD | 1,115 |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 5737-014-068 | Total Assessment | $2,760,585 CAD (2024) |
| Land Assessment | $1,104,234 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,656,351 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5737-014-068
Land Assessment
$1,104,234 CAD (2024)
Improvements Assessment
$1,656,351 CAD (2024)
Total Assessment
$2,760,585 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
zoning
| Zoning Code | PSR3 (Apartment House(5+ Units)) |
| PSR3 (Apartment House(5+ Units)) |
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157 N Allen Ave
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