Stunning Altadena Mountain View Property with Endless Development PotentialNestled in the tranquil hills of Altadena, this exceptional property presents a rare opportunity to craft your dream development. Located in the highly coveted Altadena community, the property is celebrated for its breathtaking mountain vistas and serene ambiance. Currently, the property features three multi-family units, each offering unique charm and potential. 1st Unit: 5 bedrooms, 4 bathrooms. Recently updated with a modern kitchen, new flooring, and enhanced lighting. Features a spacious deck that floods the unit with natural light. The unique basement includes a functional bathroom and kitchen, providing extensive space for versatile use. 2nd Unit: 2 bedrooms, 1 bathroom. Perfect for small families or couples. 3rd Unit: 1 bedroom, 1 bathroom. Updated with a stylish kitchen, ideal for a bachelor pad or a compact, modern living space.Enjoy awe-inspiring, unobstructed views of the San Gabriel Mountains, offering a serene backdrop for residents and boundless possibilities for development. With the potential to build up to 8 units, this property is a golden opportunity for investors, developers, or those looking to create a unique, multi-unit haven in a prestigious location.Conveniently close to hiking trails, parks, and the vibrant Altadena Town & Country Club, the property is also just a short drive from Pasadena's entertainment, dining, and shopping options, as well as excellent schools and medical facilities. Whether you're an investor, developer, or someone seeking to design a unique dream home, this property is a true gem waiting to be uncovered. Please consult with local zoning and planning authorities for development regulations and potential land use options. Development feasibility is subject to local zoning ordinances and regulations. There is also the possibility of building a family compound with a recording studio.This property offers an unparalleled opportunity to create something truly special in one of Altadena's most picturesque locations.
Seize the opportunity to acquire a well-positioned 6-unit apartment building in a Altadena neighborhood on the rise! This two-story property boasts identical floor plans, each featuring a comfortable 775 sq. ft. with 2 bedrooms, 1 bathroom, living room, and kitchen. Additionally, each unit benefits from the convenience of 2 dedicated tandem carport spaces. Capitalize on the increasing desirability of Altadena by modernizing the units to unlock their full rental potential and maximize your return on investment.
Courtesy: UNYQUE FINANCIAL
Duplex Gem in Altadena's Scenic Foothills - Perfect for Investment or Multi-Generational Living Discover the perfect blend of charm and modernity with this unique duplex property located in the tranquil foothills near biking, hiking leisure trails. Offering two separate living spaces, this property is ideal for investors seeking rental income or owner-occupants looking to live in one unit while renting out the other. Front House: Cozy Living with Rental Income The front house, spanning 864 sqft, features 2 bedrooms, 1 bathroom, and a welcoming fireplace, creating a cozy atmosphere. The attached garage adds convenience, and the spacious layout ensures comfortable living. Natural light floods the space, enhancing the warmth and character of this charming unit. Back House: Modern Design and Luxury Amenities Completed in 2024, the back house is a stunning 1,122 sqft space with 2 bedrooms and 2.5 bathrooms. The open floor plan features luxury vinyl flooring and a contemporary kitchen with a large island, granite countertops, and white shaker cabinets. Each bedroom has its own full bathroom with a tile shower/tub combo, ensuring privacy for all. This unit also boasts an extra-large attic with a pull-down staircase for additional storage. With solar panels, and separate metered electric and gas utilities, the back house offers all the modern conveniences. Private outdoor space and secured parking behind an automatic gate provide additional security and comfort. Ideal Location and Practical Amenities Both units have their own indoor laundry, eliminating the need for shared facilities. A convenient circular driveway with an automatic gate adds a touch of sophistication, ensuring easy access and security. The property is ideally located near parks and picturesque hiking trails, offering ample opportunities for outdoor recreation. Altadena's friendly community and proximity to urban amenities make this property even more appealing. Investment Opportunity or Owner-Occupant Dream Whether you're an investor seeking a reliable income stream or an owner-occupant looking for a home with rental income, this duplex is a perfect choice. Don't miss the chance to own this unique property in a sought-after neighborhood. Contact us today to schedule a viewing and explore all that this property has to offer.
Nestled in the charming community of Altadena, California, this triplex offers a fantastic investment opportunity or a delightful residence for those seeking both comfort and convenience. The property comprises three well-maintained units, each boasting a blend of modern amenities and timeless features. The largest unit features 2 bedrooms and 1 bathroom, providing ample space for comfortable living. The two additional units consist of 1 bedroom and 1 bathroom each, offering cozy yet functional spaces. All units showcase the warmth of hardwood floors, creating an inviting atmosphere. The 2-bedroom unit provides dual carport parking, while the other two units each come with one designated parking space, ensuring hassle-free parking for residents. This property also offers practical amenities such as a shared laundry room and storage space attached to the garage, providing added convenience for residents. The location is a highlight, being near local transportation, freeways, parks, and picturesque hiking trails. Whether you're an investor seeking a promising opportunity or someone looking to live in one unit and rent out the others, this triplex provides a versatile and appealing option. Don't miss the chance to be part of Altadena's thriving community – make this property your next savvy investment or comfortable home!
Built in 1924, 451 E. Sacramento Street offers an investor the opportunity to acquire an 8-unit asset on an over 30,000-square-foot lot in Altadena, California. The property is comprised of (8) 1BD/1BA + Den units with over $540,000 spent on capital improvements, including new plumbing, roofing and electrical ugrades already completed. Current ownership has received approval from the City allowing the lot to be subdivided into three (3) separate parcels with the ability to build eight (8) new ADUs across the parcels, for additional rental revenue of approximately $386,400 annually. With the construction of the ADUs, the property can be stabilized at a 11.85% cap rate and 6.98 GRM. Resident utility billing (RUBS) has been implemented across the property to lower operational expenses. The property is Mills Act eligible, allowing new ownership the opportunity for significant tax savings*. 451 E. Sacramento Street offers an assumable Freddie Mac loan of $1,646,000 at 5.25% with 5 years of interest only payments remaining.
2548 El Molino Avenue is a 10-unit asset located in Altadena, California. Current ownership has spent over $400,000 to thoughtfully restore the asset, with $170,000 alone spent on electrical and plumbing ugrades and a new roof. New ownership can take advantage of current ownership's interior remodels and recognize 20% upside on current rents. The property is comprised of (2) 2BD/1BA units, (6) 1BD/1BA + Den units, and (2) 1BD/1BA units. Current ownership has implemented resident utility billing (RUBS) across all units, allowing the asset to operate at a sub 30% expense ratio. The property is Mills Act eligible, which would allow new ownership to further drive down operating expenses*. An existing storage space provides current income, and also has the potential to be converted into two (2) ADUs for additional rental revenue of approximately $84,000 annually. 2548 El Molino Avenue offers an assumable loan of $1,631,000 at 5.25% with 5 years of interest only payments remaining.
Courtesy: Buckingham Investments, Inc
Altadena is located in California. Altadena, California has a population of 45,236. Altadena is less family-centric than the surrounding county with 29.71% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Altadena, California is $88,774. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Altadena is 43.7 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 36.6 degrees. The average rainfall is approximately 22.7 inches per year, with 0 inches of snow per year.
