2629 Lake Ave, Altadena, CA 91001
- $5,150,000
- 17
- BD
- 14
- BA
- 12,652
- SqFt
- List Price
- $5,150,000
- MLS#
- 26779707
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 17
- Bathrooms
- 14
- Living Area
- 12,652
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!
Additional Information
- Year Built
- 1949
- Garage
- Driveway, Garage Is Attached, Garage Is Detached, Converted Garage
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Courtesy of Realty Investment Advisors, Inc., Alexander Metaxas.
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