Exceptional opportunity on a large Altadena lot offering significant development and investment potential. The property was affected by high winds during the Eaton fires, resulting in a tree falling onto the front house, which is currently uninhabitable. Notably, the front house underwent a major renovation in 2024, and approved plans are available, providing a valuable head start for rebuilding. According to county planning, the expansive lot is eligible for two 2-story homes, each with its own ADU, allowing for up to 9,000 square feet of total living space. This makes the property an outstanding opportunity for an owner-builder, developer, or investor seeking to maximize value. The rear house is a charming and livable 1923 cottage, featuring 1 bedroom and 1 bathroom, a kitchen, living area, and laundry room. Updates include a renovated bathroom (2019), heat pump system, and a Miele dishwasher—blending vintage character with modern convenience. A finished 2-car garage offers exceptional flexibility and is ideal for a studio, workspace, or creative use. Highlights include a split-system HVAC, polished concrete floors, insulated walls and ceiling, vaulted ceiling, and high north-facing windows that provide beautiful, diffused natural light. Two pairs of French doors open to serene yard views. The sloped roof’s angle and orientation are optimized for future solar panel installation. The property features generous front, middle, and rear garden spaces with mature trees, including avocado, mango, camellia, and bay. The bay trees form a tall, natural hedge, offering privacy and a peaceful setting. A long driveway accommodates parking for up to four vehicles. A rare chance to restore, rebuild, or redevelop a property with strong fundamentals, approved plans, and remarkable long-term potential in a desirable Altadena neighborhood.
Welcome to 637 W Altadena Drive--a rare C2-zoned triplex offering versatility and income potential in one of Altadena's most desirable areas. This two-story property, built in 1963, consists of three well-laid-out units: two 2-bed/1-bath units and one 1-bed/1-bath unit, totaling 2,887 sq ft of living space. All units have separate gas and electric meters. The exterior of the building was recently painted along with other repairs.Ideal for an investor, an owner-occupant seeking rental income, or a developer exploring future possibilities. The property features four covered carport spaces with overhead storage, a shared laundry room with sink and plumbing in place, and a large separate storage room.Conveniently located just south of the Altadena Meadows and Lavina Estates, this property is minutes from hiking trails, shopping, dining, parks, schools, and major freeways with easy access to Pasadena, the Rose Bowl, and Los Angeles.Current rents are below market with all tenants on month-to-month leases--offering strong upside potential.
We are pleased to present a rare opportunity to acquire 2191 El Sereno Ave, a well-maintained 16-unit apartment building, renovated in 2018. Ideally positioned between West Woodbury Road and Fair Oaks Avenue, this property is situated in the highly sought-after Altadena rental market a prime location with strong tenant demand. Spanning a 15,909-square-foot lot with 7,524 square feet of gross building area, the property features a highly desirable unit mix of thirteen (13) studios, two (2) one-bathroom units, and one (1) loft unit, offering significant rental income potential. Residents enjoy access to premium amenities, including a gated common area, in-unit laundry, and 16 gated parking spots. Originally constructed in 1923 and thoughtfully renovated in 2018, 2191 El Sereno Ave seamlessly blends historic charm with modern convenience. With three units currently vacant, the property offers immediate upside for investors seeking to capitalize on Altadena's strong rental demand. These vacancies present a rare chance to implement market-rate leasing strategies and maximize cash flow from day one. Whether you're expanding your portfolio or entering a high-performing submarket, this asset delivers a turnkey investment opportunity with long-term growth potential.
Location, Location, Location! Double the Assets, Secure TWO properties at the price of ONE, an incredible opportunity for savvy investors. Seller is set for a 1031 Exchange and has identified replacement properties. Maximize your portfolio growth with this rare, high-return opportunity! 2252 & 2246 Glenrose Ave for sale! This prime 11,478 sq ft lot presents a rare opportunity to build in one of Altadena’s most sought-after neighborhoods. Subject to change-R3, the property offers incredible development potential—including multi-units with additional ADUs, making it ideal for investors or builders looking to maximize long-term value. Owned by the same seller for over 38 years, the property has appreciated significantly and previously generated a strong annual scheduled gross income of $144,000. Conveniently located just 7 to 10 minutes from iconic landmarks such as Hahamongna Watershed Park, the Rose Bowl Stadium, the Jet Propulsion Laboratory (JPL/NASA), and quick access to the 210 Freeway, this location is a true gem. The rebuild timeline can be surprisingly efficient, as little as 12 to 18 months, for buyers with plans, insurance, and debris clearance ready. This makes it a prime candidate for a smart, strategic development project. Sold As-Is — Buyer to conduct all due diligence. Buyers are strongly encouraged to independently verify zoning, development prospects, and required remediation with Los Angeles County. Drive-by Only — Please do not enter the property, 48 hours noticed in order to enter the property. Property shall be delivered vacant.
This unique community features eight (8) charming 1-bedroom, 1-bath + den Spanish-style bungalows arranged around a serene courtyard on a spacious lot. Nestled on a quiet street just half a block from the iconic Christmas Tree Lane, the property is surrounded by mature trees and expansive grassy areas, creating a peaceful and inviting atmosphere. Over $540,000 has been invested in capital improvements, including upgrades to plumbing, roofing, and electrical systems all already completed. New ownership can subdivide the lot into three (3) separate parcels, allowing the opportunity to build eight (8) new ADUs across the site. These additions have the potential to generate approximately $386,400 in annual rental income. Upon ADU completion, the property can be stabilized at a 12.53% cap rate with a 6.71 GRM. Resident utility billing (RUBS) has been implemented to reduce operational costs, and the property is eligible for Mills Act designation, offering substantial potential property tax savings. Assumable financing available at 5.25%, with five years of interest-only payments remaining.
Altadena is located in California. Altadena, California has a population of 43,384. Altadena is less family-centric than the surrounding county with 28.87% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Altadena, California is $109,743. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Altadena is 43.9 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 46.7 degrees. The average rainfall is approximately 22.5 inches per year, with 0 inches of snow per year.
