Pasadena Investment
For Sale
Contact for pricing
92 N Allen, Pasadena, CA 91106
Income-generating property with development potential near Pasadena City College.
Property SizeContact for details
Days on Market204
Property Features for 92 N Allen
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Century 21 Ludecke Inc
Listed By:
Peter Wang · License #01146991
Source:
Crexi
Added: Jan 17
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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 Century 21 Ludecke Inc
Investment Insights
Based on property information with market context.
This investment property is located in Pasadena, within walking distance of Pasadena City College and near Caltech. Zoned RM 32, it offers development potential for a 9 to 11-unit condominium project. The property is situated in a desirable and transit-accessible neighborhood. Currently, the property is a fully occupied 6-unit income property consisting of 4 buildings, generating a monthly income of $13,895. The asset allows for immediate income collection while plans for new construction are submitted.
Key Highlights
- Significant development potential: RM 32 Zone allows for a 9‑11 unit condo project.
- Immediate income generation: Fully occupied 6‑unit property provides a monthly income of $13,895.00.
- Prime location: Walking distance to Pasadena City College and near Caltech.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,697
Businesses Nearby
Explore this area
Business Placement
Demographics for 91106, CA
24,172
Population
11,809
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
2.7 sq mi
ZIP Area
8,953
Density / Sq Mi
$89,213
Median Household Income
$59,700
Median Earnings
$2,096
Median Rent
$966,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Income-generating property with development potential near Pasadena City College.
Where is this residential land & home lot located?
The property is located at 92 N Allen Pasadena, CA.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Significant development potential: RM 32 Zone allows for a 9‑11 unit condo project.; Immediate income generation: Fully occupied 6‑unit property provides a monthly income of $13,895.00.; Prime location: Walking distance to Pasadena City College and near Caltech.
