92 N Allen Avenue, Pasadena, California 91106, Pasadena, 91106 - bed, bath

92 N Allen Avenue, Pasadena, California 91106 home-pic-0
ACTIVE$3,280,000
92 N Allen Avenue, Pasadena, California 91106
0Bed
0Bath
5,971Sqft
15,894Lot
Year Built
1922
Close
-
List price
$3.28M
Original List price
$3.28M
Price/Sqft
$549
HOA
-
Days on market
-
Sold On
-
MLS number
AR25173298
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.28M(64th), sqft - 5971(91th), beds - undefined(6th), baths - undefined(6th).

PLEASE NOT DISTURB TENANTS, DRIVE BY ONLY, This fully occupied 6 units 4 building income property in the heart of Pasadena, Situated within walking distance to Pasadena City College and near by Caltech. Unit #92 - 6 bedrooms 2 bathrooms 2,073 Sq Ft, Unit#94 - 1 , 2 & 3 - each unit 780 Sq Ft and 2 bedrooms 1 bathroom, Unit #98 - 1 bedroom 1 bathroom 528 Sq Ft, Unit #100 - 3 bedrooms 2 bathrooms 1,300 Sq Ft. This property zoned RM32, offers significant development potential 11 units Condo project in one of the most desirable and transit-accessible neighborhoods in the city. This asset allows you to collect income immediately while submitting plans for new construction. That's Unique Investment Opportunity ! ! !

Price History

Date
Event
Price
08/01/25
$3,280,000
Condition Rating
Fair

The property was built in 1922. The images show the exterior of the buildings, which appear to be maintained but are clearly aged. There is no information about interior renovations, kitchen, or bathroom conditions. Given the age, it's likely that the property requires updates or repairs, placing it in the 'fair' condition category.
Pros & Cons

Pros

Income Potential: Fully occupied 6-unit property provides immediate income stream.
Development Opportunity: RM32 zoning allows for significant development potential, including an 11-unit condo project.
Prime Location: Located in the heart of Pasadena, near Pasadena City College and Caltech.
Transit Accessibility: Situated in a desirable and transit-accessible neighborhood.
Lot Size: Large 15,894 sqft lot provides ample space for current structures and future development.

Cons

Tenant Occupancy: Property is currently tenant-occupied, potentially limiting immediate access for renovations or redevelopment.
Age of Property: Built in 1922, the property may require ongoing maintenance and potential upgrades to meet modern standards.
Drive-by Only: Limited access for showings (drive-by only) may hinder thorough inspections and buyer interest.

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