The Little Village | 1458 N Allen Ave
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The Little Village 1458 N Allen Ave
10 Unit Apartment Building $3,975,000 ($397,500/Unit) 4.80% Cap Rate Pasadena, CA 91104
Investment Highlights
- Cottages and duplexes
- Well maintained
- Private garages
Executive Summary
Two parcels: 1458 and 1468 N. Allen; must be sold together.
Sale subject to Trust attorney placing properties back in trust. Also contingent on buyer's approval of reciprocal easement for usage of driveway for 1452 N. Allen.
Sale subject to Trust attorney placing properties back in trust. Also contingent on buyer's approval of reciprocal easement for usage of driveway for 1452 N. Allen.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$274,548
|
$31.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$274,548
|
$31.78
|
| Taxes |
$48,268
|
$5.59
|
| Operating Expenses |
$36,977
|
$4.28
|
| Total Expenses |
$85,245
|
$9.87
|
| Net Operating Income |
$189,303
|
$21.91
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $274,548 |
| Annual Per SF | $31.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $274,548 |
| Annual Per SF | $31.78 |
| Taxes | |
|---|---|
| Annual | $48,268 |
| Annual Per SF | $5.59 |
| Operating Expenses | |
|---|---|
| Annual | $36,977 |
| Annual Per SF | $4.28 |
| Total Expenses | |
|---|---|
| Annual | $85,245 |
| Annual Per SF | $9.87 |
| Net Operating Income | |
|---|---|
| Annual | $189,303 |
| Annual Per SF | $21.91 |
Property Facts
| Price | $3,975,000 | Apartment Style | Low Rise |
| Price Per Unit | $397,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 4.80% | Building Size | 8,640 SF |
| Gross Rent Multiplier | 14.6 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 0.46/1,000 SF |
| Price | $3,975,000 |
| Price Per Unit | $397,500 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Gross Rent Multiplier | 14.6 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 8,640 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.46/1,000 SF |
Unit Amenities
- Air Conditioning
- Fireplace
- Washer/Dryer Hookup
- Hardwood Floors
- Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 7 | - | 910 - 1,000 |
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Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $352,194 (2024) | |
| Land Assessment | $51,077 (2024) | Annual Taxes | $48,268 ($5.59/SF) |
| Improvements Assessment | $301,117 (2024) | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$51,077 (2024)
Improvements Assessment
$301,117 (2024)
Total Assessment
$352,194 (2024)
Annual Taxes
$48,268 ($5.59/SF)
Tax Year
2023 Payable 2024
zoning
| Zoning Code | R-2 |
| R-2 |
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The Little Village | 1458 N Allen Ave
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