Description
This unique community features eight (8) charming 1-bedroom, 1-bath + den spanish-style bungalows arranged around a serene courtyard on a spacious lot. nestled on a quiet street just half a block from the iconic christmas tree lane, the property is surrounded by mature trees and expansive grassy areas, creating a peaceful and inviting atmosphere. over $540,000 has been invested in capital improvements, including upgrades to plumbing, roofing, and electrical systems all already completed. new ownership can subdivide the lot into three (3) separate parcels, allowing the opportunity to build eight (8) new adus across the site. these additions have the potential to generate approximately $386,400 in annual rental income. upon adu completion, the property can be stabilized at a 12.53% cap rate with a 6.71 grm. resident utility billing (rubs) has been implemented to reduce operational costs, and the property is eligible for mills act designation, offering substantial potential property tax savings. assumable financing available at 5.25%, with five years of interest-only payments remaining.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
50256816
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 8
Bathroom Information
- Total Baths: 8
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Refrigerator,Dryer,Washer
Cooling Features
- Dual
- Air Conditioning
Heating Source
- Combination
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1924
- Building Area Total: 4,896
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.7409
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 32272
-
Listing Information
Listing Price Information
- Original List Price: 5,000,000
- Listing Contract Date: 2025-06-23
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 5839016016
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Garage
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 604 - Altadena
- Postal Code Plus 4: 2914
- Directions: Off Sacramento
- Zoning: LCR110
- Source Property Type: Residential Income
- Area: 604 - Altadena
Building and Construction
- Property Age: 101
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 4896
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 07/03/2025 @ 20:05
- MLS: 25556197
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 8 bedrooms which is for sale, it has 4,896 sqft, 32,272 sized lot, and 0 parking. are nearby neighborhoods.