Franz Rodriguez - Desert Lifestyle Properties Logo
$5,150,000
 $27,646 est/mo Sourced by Back At You

2629 Lake Avenue,Altadena, CA 91001

Altadena, CA 91001

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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!

Details

MLS #26779707
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1949
Days On Site127
Listing Provided ByRealty Investment Advisors, Inc. | Alexander Metaxas

Features

Bed(s)17
Bath(s)14
SQ Feet12,652
Garage14
Story(s)2
Units16
Building(s)3
ZoningLCR3YY
Acreage0.43

Interior

CoolingWall Window Units
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes
AppliancesDisposal

Parking

Attached Garage Yes / NoYes
Parking FeaturesConverted Garage, Driveway
Garage Yes / NoYes

Area Information

StateCA
CountyLos Angeles
CityAltadena
Zip Code91001
Area604 Altadena
Listing VS Median (in 91001)
Price:
$5,150,000
low | high
Med:
$1,245,000
100% of Average
sqft:
12,652
low | high
Med:
2,288
100% of Average
$ / sqft:
$407
low | high
Med:
$544
16.320354402879% of Average
On site:
127
low | high
Med:
109
100% of Average
Sourced by Back At You

Market Activity 91001

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Additional Information

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Learn More About This Property

Franz Rodriguez

Franz Rodriguez

Desert Lifestyle Properties

02002804 (951) 206-8296franzpsrealtor@gmail.com
StateCA
CountyLos Angeles
CityAltadena
Zip Code91001
Area604 Altadena
Listing VS Median (in 91001)
Price:
$5,150,000
low | high
Med:
$1,245,000
100% of Average
sqft:
12,652
low | high
Med:
2,288
100% of Average
$ / sqft:
$407
low | high
Med:
$544
16.320354402879% of Average
On site:
127
low | high
Med:
109
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $3.862M - $6.437M
sqft: 9,000 - 15,500
Nearby Listings Property ImageNearby Listings Details
755 E Pine Street Property Photo 1
$5,195,000
755 E Pine Street
Altadena, CA 91001
Listing Updated: August 21, 2026 at 10:53:20 PM PDT