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!
Experience the perfect blend of Altadena charm and modern luxury in this stunning compound featuring a 3-bedroom, 2-bathroom main residence and a private, income-generating 1-bedroom ADU. Meticulously updated in 2019, the main home showcases high-end finishes and custom craftsmanship, while the 2021-built ADU offers a turnkey rental opportunity with its own separate address. Both homes feature open-concept kitchens with handsome cabinetry, Samsung appliances, and dual-pane windows with shutters. Step outside to a peaceful backyard retreat with a grassy lawn and pergola--ideal for al fresco dining. Additional highlights include solar panels (keeping electricity bills to a steady ~$75/mo), a gated driveway, and a finished garage with a convenient half-bath. The main home has been measured at 1,525 square feet and the ADU at 498 square feet.
We are pleased to present 755 East Pine Street, a 19-unit value-add apartment community located in Altadena (unincorporated Los Angeles County), directly north of Pasadena and positioned at the base of the San Gabriel Mountains. The offering features a highly functional, workforce oriented unit mix totaling 13,682 square feet on a 0.51-acre parcel, providing scale in a supply-constrained foothill submarket with strong renter demand driven by nearby Pasadena employment, education, and medical nodes.The property consists of (2) Studios (435 SF), (10) 1BR/1BA (756 SF), and (7) 2BR/1BA (925 SF. Ten (10) units are currently vacant, presenting a rare, immediate execution path to renovate and stabilize operations, allowing an investor to reposition the asset through a systematic interior upgrade program, optimize the rent roll, and capture strong "as-renovated" rent premiums in the immediate trade area. For reference, advertised rents in the area commonly range around ~$2,000 for 1 bedroom units and ~$2,200$2,600 for 2-bedroom units, supporting substantial mark-to-market potential upon completion of renovations and lease-up.Originally constructed in 1958, the subject property benefits from classic Southern California garden style fundamentals and on site amenities that support durable tenant demand. Public marketing sources for this address indicate features such as a pool, on site laundry, and gated/onsite parking. Altadena's profile is further supported by high-income demographics, with U.S. Census QuickFacts showing median household income of $128,720 in 2024 dollars.Altadena is a highly desirable foothill community located immediately north of Pasadena, known for its natural surroundings, historic residential character, and proximity to major employment centers. Residents benefit from convenient access to Pasadena's employment base, including major institutions such as Caltech and NASA's Jet Propulsion Laboratory (JPL), along with a broad concentration of professional services and innovation-oriented employers throughout the Pasadena corridor. The neighborhood also offers proximity to Old Town Pasadena's retail and dining amenities, nearby transit stops, and outdoor recreation at Eaton Canyon and the San Gabriel Mountains.
Prime Multi-Unit opportunity in Southwest Altadena! Set on a 9,900 sqft lot with picturesque mountain views, 2115-2117 Marengo Ave offers turnkey potential on day one. The front house is a charming Craftsman with 3-beds and 2-baths. Newer features include updated windows, copper plumbing, forced air furnace, and bolted foundation. The rear bedroom has a separate entry and dedicated bathroom. Nicely set back from the main house, a side-by-side duplex rests at the back of the lot. Each unit includes 1 bedroom, 1 bathroom, laundry connections, and off-street parking. Newer windows, roof, and copper plumbing have been installed. These bright and cheerful units feature open concept living space with hardwood floors for great livability. Located in a vibrant area with easy access to Fair Oaks Ave, the 134 and 210 freeways, as well as the shopping and dining destinations of N Lake Ave, this exceptional cash-flow opportunity won't be available for long!
Rare opportunity to acquire a three-unit income property offering a compelling mix of in-place income and significant upside potential. The property consists of three standalone units nicely situated on a large 19,307 SF parcel with plenty of space to add an ADU. Overall condition ranges from good to value-add, providing investors with the opportunity to improve and reposition over time. Detailed income and expense information and floor plans are available. The neighboring home is also for sale and is a well-maintained 3-bedroom, 2-bath residence, creating potential for a combined multi-property investment, owner-user income strategy, or compound-style living environment. Properties are offered separately but intended to be sold concurrently.
BACK ON MARKET - Subject to Cancellation of Current Escrow! 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.
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.
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.
