The median home value in Altadena, CA is $1,250,000.
This is
higher than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Altadena, CA is $1,250,000.
Approximately 68% of Altadena homes are owned,
compared to 27% rented, while
5% are vacant.
Altadena real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Altadena real estate agent to arrange a tour today! Learn more about Altadena.
Commercial / Mixed Use property being used as a Triplex residential income property. 3 Units being rented out totaling $5,500 a month. Excellent opportunity for an Investor to expand their portfolio. Front of building is zoned for retail but being used as 3 bedroom | 1 bath rental. Rear of property with access from alley has 2 rental units available; both 1 bed | 1 bath.
This large, 1941 sqft medical building previously served as a dentist's office and is now the Altadena Boys and Girls Academy. The layout lends itself to configuring the space into ~10 offices/patient rooms, with a large lobby/intake area in the middle of the building. There is a large ~3200 sqft paved lot behind the building accessible via the driveway to the South of the structure. Leasing to a NNN Medical tenant would command significantly higher rents and dramatically lower the expenses, resulting in a 6.5-7% Cap property. The property is available alone, or together with the adjacent house (zoned commercial) at 2159 Lake Ave. in listing SB23095443. Seller financing will be considered with qualified offers. The garages are part of the neighboring property and will not be included with the sale of 2151 Lake.
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.
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.
Welcome to the heart of Altadena, where an incredible investment opportunity awaits you. This property offers six charming, cottage-like homes, each featuring 1 bedroom and 1 bath, except one unit offering 2 bedrooms and 1 bathroom, making it the perfect investment for those seeking versatility and rental income potential. Nestled amidst lush green landscaping and surrounded by bountiful fruit trees, this tranquil oasis creates an inviting ambiance that tenants will love. The spacious parking areas ensures convenience for all residents and their guests, providing ample space for vehicles. What sets this property apart is the private long road in between, offering both accessibility and seclusion. Don't miss out on this unique chance to own a property that promises not just excellent returns but also a slice of paradise in Altadena.
