In-Person: 11/28 2:00 PM - 5:00 PMIn-Person: 11/29 1:00 PM - 4:00 PM
Description
PRIME PASADENA INVESTMENT OPPORTUNITY | BUILT IN 2020 | 3 BEDROOMS | 3 BATHROOMS | ESTABLISHED AIRBNB OPERATION 118 N Allen Ave #4, Pasadena, CA 91106 An exceptional opportunity to own a modern condominium in desirable central Pasadena! Built in 2020 and operated as an Airbnb since 2021, this well-maintained property features 3 bedrooms and 3 bathrooms, with a private bathroom for each bedroom-ideal for families, business travelers, and larger groups. ESTABLISHED AIRBNB RENTAL HISTORY Unlike a newly launched rental, this property offers an established short-term rental operation with several years of hosting history. Its current Airbnb listing has earned an impressive 5.0-star rating from 18 guest reviews, reflecting excellent guest satisfaction. An attractive opportunity for investors seeking a property with an existing rental track record. Buyers are encouraged to contact the seller's agent for historical rental income, occupancy rates, and operating performance. DESIRABLE PASADENA LOCATION Conveniently located near Caltech, restaurants, shopping, businesses, and public transportation, the property offers easy access to everyday amenities and attracts visiting families, students, business travelers, and tourists. BUILDER-OWNED PROPERTY - NOW FOR SALE Originally retained by the builder as a long-term investment, the property has been operated as an Airbnb since 2021. The builder is now selling to allocate capital toward other development projects, creating an opportunity to acquire a relatively new property with an established rental history. PROPERTY HIGHLIGHTS * Built in 2020 with modern construction. * 3 bedrooms and 3 bathrooms. * Private bathroom for each bedroom. * Established Airbnb operation since 2021. * Current Airbnb rating: 5.0 stars with 18 reviews. * Prime Pasadena location near Caltech and local amenities. * Previously operated as a builder-owned income-producing investment. A UNIQUE OPPORTUNITY IN PASADENA! Whether you are looking for a modern residence or an investment property with an established Airbnb operating history, this property is worth exploring. Contact the seller's agent for additional rental performance information and schedule your private showing today!
Details
| MLS # | WS26236558 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $430 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2020 |
| Days On Site | 8 |
| Listing Provided By | Pinnacle Real Estate Group | SHUO YAN |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,401 |
| Garage | 2 |
| Story(s) | 2 |
| Units | 1 |
| Acreage | 0.18 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Walk In Closets |
| Appliances | Gas Oven, Gas Range |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Landscaped |
|---|
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage |
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91106 |
| Area | 645 Pasadena (NW) |
| Listing VS Median (in 91106) | |
Price: $1,059,000 low | high Med: $699,000 sqft: 1,401 low | high Med: 1,282 $ / sqft: $756 low | high Med: $545 On site: 8 low | high Med: 41 | |
Market Activity 91106
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Learn More About This Property
| Open House |
|---|
| In-Person 11/28 2:00 PM - 5:00 PM |
| In-Person 11/29 1:00 PM - 4:00 PM |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91106 |
| Area | 645 Pasadena (NW) |
| Listing VS Median (in 91106) | |
Price: $1,059,000 low | high Med: $699,000 sqft: 1,401 low | high Med: 1,282 $ / sqft: $756 low | high Med: $545 On site: 8 low | high Med: 41 | |
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