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Four-Unit Apartment Property
For Sale
$1,100,000

1540 N Allen Ave., Pasadena, CA 91104

Air-conditioned apartments provide assigned off-street parking, with in-unit laundry in three residences.

Property SizeContact for details
Days on Market428

Property Features for 1540 N Allen Ave.

General Information

Standard status Active
Property subtype Quadruplex

Property Condition

Severity Major Repairs Needed
Evidence extensive interior and exterior remediation following the Eaton Fire

Units

Unit Mix 3 x 2BR/1BA, 1 x studio
Multifamily Units 4

Amenities

in-unit laundry
air conditioning
assigned off-street parking

Building Details

Year Built 1946
Stories 1
Listing Agency:
Listed By: Katie Manes · License #DRE
Source: Kw
Added: Jul 1, 2025 Changed: Aug 31 Last Checked: Aug 4 at 9:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Katie Manes

Investment Insights

Based on property information with market context.

This four-unit apartment property, built in 1946, includes three 2 bed/1bath apartments and one studio. The units are described as clean and generously sized, with air conditioning throughout and in-unit laundry in the three non-studio residences. Each apartment has assigned off-street parking.

Located at 1540 N Allen Ave. in Pasadena, CA 91104, the property sits near the Altadena/Pasadena border. It has been maintained by the same family for decades, and interior and exterior remediation related to the Eaton Fire is scheduled for completion within the next couple of weeks.

Key Highlights

  • Four‑unit property with three 2 bed/1bath units and one studio
  • In‑unit laundry in three residences; studio is the exception
  • Air conditioning in each apartment

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

849
Businesses Nearby

Demographics for 91104, CA

34,707
Population
14,381
Households
2.4
Avg Household Size
42
Median Age
51%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
9,133
Density / Sq Mi
$103,052
Median Household Income
$53,827
Median Earnings
$2,040
Median Rent
$1,022,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Air-conditioned apartments provide assigned off-street parking, with in-unit laundry in three residences.
Where is this quadplex located?
The property is located at 1540 N Allen Ave. Pasadena, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit property with three 2 bed/1bath units and one studio; In‑unit laundry in three residences; studio is the exception; Air conditioning in each apartment
More about this property
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