Rare opportunity to own a multifamily property in the heart of Altadena. Built in 1983, this two-on-a-lot investment offers an excellent blend of stability, functionality, and long-term potential. With the front unit currently occupied, each unit provides 5 bedrooms and 2 bathrooms within a practical layout designed for everyday living, making this an attractive option for both tenants and investors. A standout feature of the property is the vacant rear home, presenting an exceptional opportunity to rebuild and create your vision. Whether you're looking to design a dream owner's unit, maximize rental income, or enhance the property's overall value, this blank canvas offers tremendous potential. The property offers ample on-site parking and sits on a generously sized lot with mature landscaping and easy access. Located just moments from local shops, restaurants, parks, and major commuter routes, residents enjoy the convenience of a central location while still experiencing the charm and character that make Altadena so desirable. Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or capitalize on the opportunity to reimagine the vacant rear unit, this is an exceptional chance to own a quality two-on-a-lot with both immediate income potential and exciting possibilities for the future.