167 N Allen, Pasadena, California 91106, Pasadena, 91106 - 0 bed, 0 bath
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Pasadena, California 91106
This Strong Value Opportunity is a Triplex Residential Income Asset listed at $1,549,000—positioned well below the $1,727,587 Fair Market Value by 10%. This valuation gap provides $178,587 in Instant Equity. With a Fair Condition Rating, the property features a detached front house and two-story units with Private Patios. Its proximity to the Metro Gold Line and Pasadena City College ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage income potential in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 167 N Allen Subject | $1,549,000* List Price | 0 | 0 | 3,216 | $537 | - |
A 1455 E Villa Street Sold | $1,800,000 | 6 | 5 | 3,206 | $561 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1984 (40 years old), placing it in the 'Fair' to 'Poor' age bracket. While the exterior is freshly painted and described as well-maintained, the visible window AC units indicate dated HVAC systems. Without evidence of recent interior renovations to kitchens or baths, the condition is considered dated and likely requires minor repairs or modernization to meet current market expectations.
Ideally situated within walking distance to the Metro Gold Line Allen Station and Pasadena City College, ensuring high tenant demand and excellent transit connectivity.
Built in 1984, this property offers a detached front house and two-story units with private patios, providing a level of privacy and modern construction rare for Pasadena multi-family assets.
The unit mix of two 3-bedroom units and one 2-bedroom unit provides significant rental upside and flexibility for owner-occupants looking to maximize income.
All units feature only 1.5 bathrooms despite having up to three bedrooms, which may be less competitive for larger households or roommate situations.
The property lacks enclosed garages, utilizing carports instead, which may be perceived as a drawback for security-conscious tenants or those seeking additional storage.
Rare three-unit investment opportunity in Pasadena. Situated on a 7,806 sq ft lot with 3,216 sq ft of combined living space, this well-maintained property built in 1984 features a detached front house plus a two-story duplex to the rear, with a freshly painted exterior throughout. The front unit offers 3 bedrooms and 1.5 bath; the middle unit offers 3 bedrooms and 1.5 bath; and the rear unit offers 2 bedrooms and 1.5 baths. All three units are two stories and include a private patio and carport parking. Ideally situated within walking distance of the Metro L (Gold) Line Allen Station and Pasadena City College, with convenient access to the 210 Freeway. An excellent opportunity for investors or owner-occupants seeking income potential in a well-connected Pasadena location. **Please do not disturb tenants**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,216 | 2,217 |
| Lot Size | 7,808 | 8,545 |
| Price | $1.55M | $1.20M |
| Price per sq ft | $482 | $647 |
| Built year | 1984 | 1947 |
| HOA | $0 | $0 |
| Days on market | 6 | 81 |
Jul 16, 2026
$1,549,000
Initial Listing