A rare opportunity to acquire a fully remodeled, two-story, 16-unit apartment building in the highly desirable neighborhood of Altadena. This gated property, originally built in 1923, is close to popular local spots such as Homestate, Stumptown Coffee, Perry's Joint, and Loma Alta Park. The building has been meticulously updated, preserving its architectural charm while seamlessly blending historical elegance with modern conveniences. The unit mix consists of 13 studios, 2 one-bedroom/one-bath units, and 1 two-story one-bedroom/one-bath loft. Building features newer electrical and plumbing systems, Santa Barbara smooth coat stucco finish, and Milgard double-pane solid wood windows throughout. Each unit boasts white oak floors, solid wood kitchen cabinets, walk-in closets, fire-rated front doors, in-unit laundry, tankless water heaters, mini-split systems, and subway-tiled bathrooms with clawfoot tubs. Residents enjoy designated parking spots, and every unit is individually metered for all utilities, including water. Spacious patio area outfitted with lounge chairs, Italian lighting and a bike rack, creating an inviting space for relaxing. This trophy building is the perfect addition to any portfolio.
Courtesy: Seven Gables Real Estate
4 Units Apartment Complex situated in a quite Altadena Neighborhood. Three - 2 Bed/1 Bath Units and One - 1 Bed/ 1 Bath Unit (2 of Units are free standing single story houses). 2,924 sf. living square feet and a large 11,735 square-foot lot size. Each unit has it’s own electric meter, gas meter, water heater and laundry hook-ups. A Detached 2 Car Garage in the back of lot. There is ample amount of parking on-site, and plenty of potential to add ADU and Junior ADU on existing lot (buyer to verify). Each unit has it's own car garage. Low maintenance and easy management. Located within close proximity to Old Town Pasadena, 210 freeway, CalTech, JPL, and walking distance to the park, coffee shops, and restaurants. Don't miss this opportunity!
Delightful 2 single family homes nestled in a quiet estate area of NE Altadena close to parks and hiking trails. Both homes feature central air and heat, hardwood floors, granite kitchen counters, updated electrical wiring and panels, updated copper plumbing, carport and driveway parking, garages used mainly for storage, private fenced yards, sprinkler systems with controller, washer and dryer connections. Bungalows with a Spanish influence, so warm and welcoming. 907 E POPPYFIELDS, the front house, features 3 bedrooms, custom closets, large updated kitchen, range, dishwasher, washer and steam dryer, formal dining room, fireplace with gas insert in living room, foundation bolting, earthquake safety valve, front, back, and side yards, covered brick patio, large side brick patio and fully fenced backyard. 909 E POPPYFIELDS, the rear house, features 1 bedroom plus bonus/laundry room with washer/dryer connections, built in cabinets, updated kitchen, stall shower, earthquake safety valve, newer roof, porch overlooking private fenced yard. A unique investment opportunity for income, extended family living or income to help with expenses while living in a prime established neighborhood!
Property to be sold only in combination with 1458 N. Allen, immediately adjacent to the south for a total of 10 units on two parcels at $3,975,000. Individual laundry in each unit and enclosed garage space for each unit. Two duplexes and one SFR with fireplace. All roofs have been recently replaced except for the garage. The property has been well maintained over the years.
Property to be sold only in combination with 1468 N. Allen, immediately adjacent to the north for a total of 10 units on two parcels at $3,975,000. All roofs have been recently replaced and the property has been well maintained over the years. Two units are unattached and have fireplaces. All units have laundry hookups. All units are rented.
Courtesy: Sotheby's International Realty
Property Details: This investment opportunity comprises two parcels of land totaling 24,744 square feet. The current development on these parcels includes: Parcel 1: A 9-unit apartment complex featuring a mix of 6 one-bedroom and 3 two-bedroom units. Additionally, this parcel boasts three 2-car garages and on-site laundry facilities. Parcel 2: Positioned to the north, this parcel includes a single-family residence at the rear of the property with a detached garage conversion. Notably, the front portion of this parcel offers ample parking space for up to 18 vehicles and a site for development. Opportunity 1: Expansion and Conversion: The prospective investor can explore the possibility of adding additional units to the parking area. Additionally, there exists the potential to convert the current garages into income-generating units, thereby maximizing the revenue potential of the property. Opportunity 2-A new development of low income housing for Senior citizens or… Alternatively, investors may opt to embark on a new development project encompassing both parcels. This comprehensive approach allows for the creation of a fresh, integrated development plan spanning across the entire property. Importantly, rental income from the existing structures can be sustained throughout the planning and entitlement phase of the new development, ensuring financial stability and flexibility.
Courtesy: Buckingham Investments, Inc
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.
