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$ 5,150,000
Est. payment /mo
New
2629 Lake AVE Altadena, CA 91001
17 Beds
14 Baths
12,652 SqFt
UPDATED:
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
Listed by Alexander Metaxas Realty Investment Advisors, Inc. #01784652