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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$5,150,000

Est. payment - /mo

17 Beds

14 Baths

12,652 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 12,652 sqft

Price per Sqft $407

MLS Listing ID 26779707

Bedrooms 17

HOA Y/N No

Year Built 1949

Lot Size 0.434 Acres

Property Description

15 OF 16 UNITS CURRENTLY VACANT AND RENT READY! We are pleased to present a rare investment opportunity in Altadena where the rebirth of the City has already begun. These two properties combined are 16 residential units with 15 vacant offering a fresh start slate for investors seeking immediate lease-up potential and long-term upside. The offering consists of two adjacent parcels, a 14-unit apartment property and a separate Duplex property, providing operational flexibility, owner-user potential and eliminating the requirement for an on-site manager. The property has been fully remediated following the Eaton Fire, presenting a fresh start with renewed confidence in the asset's condition. The properties benefit from new roofs within the past few years 14 INDIVIDUAL, ENCLOSED GARAGES, all of which are currently vacant offering further income potential or added tenant appeal in a competitive rental market. With strong fundamentals, minimal deferred maintenance, and significant lease-up opportunity, this Altadena property is ideally suited for investors looking to stabilize and maximize returns in what will be a premiere rental location. Two properties must be sold together because of shared driveway and lot configurations. Duplex address is 765 E. Pine St., Altadena, APN# 5841-030-005. Price includes both properties!

Location

State CA

County Los Angeles

Area 604 - Altadena

Zoning LCR3YY

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Disposal

Exterior

Parking Features Converted Garage, Driveway

Garage Spaces 14.0

Garage Description 14.0

Total Parking Spaces 28

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5841030003

Special Listing Condition Standard

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Listed by Alexander Metaxas Realty Investment Advisors, Inc. #01784652

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2629 Lake AVE Altadena, CA 91001