1458-76 N. Allen,  Altadena, CA  91001

Executive Summary:

10 units/Two parcels
Offering Price:   $3,975,000.00
Cap Rate:   4.8/   GRM:  14.5

The lovely “Little Village”  on North Allen is situated in the county area of Altadena on two adjacent parcels.  The location has a “very walkable” score of 79.  The location is easily accessible to the East Washington Village with excellent stores and restaurants near Allen and Washington which is one tenth of a mile south.   The Allen Metro Station and 210 freeway are 1.3 miles south.

The property has been continuously owned for over fifty years by the same family and has been very well maintained over the years.    The owner has been very hands on with necessary repairs and has spared no expense.   All of the roofs have been replaced in the last year.

There is little turnover of tenants as the units are very private and the location is excellent.    All units have individual laundry hookups, and all units have original oak hardwood floors with some being carpeted.  Much of the cabinetry is stained and varnished with custom woodworking.  The four free-standing units have fireplaces.

All units have enclosed garages for one or two vehicles and some units have additional outside parking.    Private outside yards and patios exist for many of the units.

The units comprise three duplexes, and four separate free-standing units.  In all, there are seven two-bedroom, one bath units, and three one bedroom, one bath units.

Summary of Pertinent facts:

Built:   1953 and 1955

Lot size:
15016 sq. ft.   (Parcel APN 5852-004-043)  1458 N. Allen

11783 sq. ft.  (Parcel APN 5852-004-042)   1468 N. Allen

Total:         26,799  sq. ft.   (.61 of an acre)

Square footage of improvements:
1458 N. Allen:    4,455

1468 N. Allen:    4,185

Total:   8640

Improvement/Land Ratio:

1458 Allen:   Land  15%;  Improvements 85%

1468 Allen:   Land 14%;   Improvements 86%

Zoning:    R-2

Represented by:
Dave Brock
Beven & Brock
Email:  Dave@bevenandbrock.com
Direct:   (626) 243-4142
DRE:  00644454

Showing instructions:  Drive by only,  do not walk on the property.  Units may be viewed with an offer “subject to inspection”.

Broker Cooperation:  1.5%

The information represented here have been secured from sources believed to be reliable, but  there are no representations or warranties,  expressed or implied.   Prospective purchasers and Realtors should independently verify information contained herein.

Income