Located in one of Altadena's most desirable neighborhoods, this exceptional 16-unit apartment building offers a rare opportunity to acquire a fully renovated asset that blends timeless architecture with modern resilience. Originally built in 1923 and thoughtfully restored, the property has not only withstood recent environmental challenges but stands as a… Read More testament to quality construction and thoughtful upgrades. Set behind a gated entry, the two-story building features a unit mix of 13 studios, 2 one-bedroom/one-bath units, and 1 spacious two-story loft-style one-bedroom/one-bath. The entire building has undergone extensive renovations, including new electrical and plumbing systems, a Santa Barbara smooth coat stucco exterior, and Milgard double-pane solid wood windows, designed to provide durability and energy efficiency in changing climates. Each unit offers premium finishes: white oak flooring, solid wood kitchen cabinetry, subway-tiled bathrooms with clawfoot tubs, walk-in closets, fire-rated front doors, in-unit laundry, tankless water heaters, and efficient mini-split HVAC systems. The property is fully individually metered for all utilities including water ensuring streamlined operations for ownership. Tenants enjoy designated parking; a spacious shared patio complete with Italian lighting and lounge seating. Just minutes from Homestate, Stumptown Coffee, Kismet and the famous Perry's Joint, offering unmatched access to Altadena's vibrant local culture and natural beauty. Whether you're looking to add a high-performing asset to your portfolio or seeking a stable, turnkey property in a growth market, this building represents the best of Altadena, charm, location, and enduring value. Read Less
Property listed by Nourmand & Associates-HW, Lotoya Bailey 323-462-6262
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
16
Square Ft.
7,280
Lot Size
0.37 Acres
Year Built
1923
MLS Number
25549257
30 Days Snapshot Of 91001
$1.17M
+1%
(avg) sold price
10
+42%
homes sold
59
+90%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Refrigerator, Dryer, Washer
Building
Built in 1923, Building area total: 7,280, Levels: MultiSplit, Living area: 7280, 1 building, Architectural style: Spanish, Construction materials: Stucco
Community
Gated
Cooling
Electric
Fireplaces
None
Floors
Tile, Wood
Heating
Electric, ForcedAir
Income
Gross income: $332,446, Net operating income: $291,446
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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