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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!

Highlights

  • Residential
  • Condominium
  • Built in 2020
  • 0.1809 Acre Lot
  • $430/mo HOA
  • 2 Car Garage
  • 5 days on Market

  • Bedrooms
    3
  • Bathrooms
    3
  • Year Built
    2020
  • Stories
    2.0
  • Garage Spaces
    2.0
  • Parking Features
    Garage
  • Living Area
    1401.0
  • Interior Features
    Walk In Closets
  • Appliances
    Gas Range, Gas Oven
  • Pool Features
    None
  • Cooling
    Central Air
  • Heating
    Central

  • Acres
    0.1809
  • Lot Features
    Landscaped
  • View
    Neighborhood
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 118 N Allen 4?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 118 N Allen 4.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 118 N Allen 4?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 3 bath, listed for $1,059,000. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Pasadena, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 118 N Allen 4?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 118 N Allen 4 at around $6,026. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 118 N Allen 4?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Los Angeles County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 118 N Allen 4?

In most cases, yes. Whether 118 N Allen 4 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Pasadena's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 118 N Allen 4?

We can handle that for you. Our preferred local agent specializes in residentials in Pasadena and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,059,000 with 1,401 sqft of space—that comes out to approximately $756 per square foot.

How long has this property been on the market?

118 N Allen 4 was listed on November 04, 2026, which means it's been on the market for 5 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2020, making it approximately 6 years old.

What is the lot size of this property?

118 N Allen 4 sits on a 0.18-acre lot, which is 7,841 square feet.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $430 paid monthly.

This covers access to community features including: Maintenance Grounds.

Is 118 N Allen 4 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 09, 2026 at 05:24PM All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: November 09, 2026 at 05:24PM | Source: California Regional Multiple Listing Service | MLS#: WS26236558