NOT LISTED FOR SALE
6 Beds
3 Baths
4,650 Sq Ft
9,466 Sq Ft

Last Sold November 08, 2024

Last sale price $1,300,000 $280 Per Sq Ft

105 Days on Market

About This Home

As of November 2024

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.

Last Agent to Sell the Property

Espi Bagwell

Keller Williams Realty Brokerage Phone: 626-824-2267 License #01168881 Listed on: 05/10/2024

Keller Williams Realty

Co-Listed By

Amanda Arroyo

Keller Williams Realty Brokerage Phone: 626-824-2267 License #01890828

Last Buyer's Agent

Silvia Harapetian

JohnHart Real Estate License #01479933

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 9,466 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,650 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • Detached Carport Space
  • Parking Available

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 5837002010
  • $2,631 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,478
  • Professional Management Expense $6,500
  • Trash Expense $3,847
  • Water Sewer Expense $4,910
  • Operating Expense $20,735
  • Gross Income $93,771
  • Net Operating Income $73,036

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

9,466 Sq Ft Lot

Listing Details

  • Professional Management Expense: 6500.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4910.00
  • Zoning: LCR3*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5837002010
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 279.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Detached Carport

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 3847.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9466.00
  • Lot Size Acres: 0.2173

Multi Family

  • Average2 Bed Area: 775 Square Feet
  • Gross Income: 93771.00
  • Gross Scheduled Income: 93771.00
  • Insurance Expense: 5478.00
  • Lot Size Area: 9466.0000 Square Feet
  • Net Operating Income: 73036.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 20735.00
  • Rent Control: Yes
  • Total Actual Rent: 8347.00
  • Total Expenses: 20735.00

Tax Info

  • Tax Census Tract: 4611.00
  • Tax Lot: 58
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 2631.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2025 05/12/25 Off Market $2,200 -- --
01/18/2025 01/18/25 Price Changed $2,200 -4.3% $3 / Sq Ft
01/17/2025 01/17/25 For Rent $2,300 0.0% --
11/08/2024 11/08/24 Sold $1,300,000 0.0% $280 / Sq Ft
08/31/2024 08/31/24 Off Market $1,300,000 -- --
08/23/2024 08/23/24 Pending -- -- --
07/27/2024 07/27/24 For Sale $1,399,950 0.0% $301 / Sq Ft
07/08/2024 07/08/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $1,399,950 -- $301 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24095128

California Regional Multiple Listing Service (CRMLS)
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