2191 El Sereno Ave - Apartments FOR SALE


Altadena, CA 91001
$4,795,000 USD
707-815-7472
2191 El Sereno Ave, Altadena, CA for Sale
$4,795,000 USD
Apartments - FOR SALE
1/54
null | 4.22% Cap Rate

2191 El Sereno Ave
Altadena, CA 91001


HIGHLIGHTS

  • 16-UNIT INVESTMENT OPPOTUNITY LOCATED IN ALTADENA
  • GATED ON-SITE PARKING
  • UNIT MIX: 13 (STUDIOS), 2 (1+1), 1 (LOFT)
  • IN-UNIT LAUNDRY, AIR CONDITIONING, NEW APPLIANCES
  • RENOVATED IN 2018
  • 3 UNITS TO BE DELIVERED VACANT AT CLOSE OF ESCROW

OVERVIEW

The Boyett Team at CBRE is pleased to present a rare opportunity to acquire 2191 El Sereno Ave, a well-maintained 16-unit apartment building, renovated in 2018. Ideally positioned between West Woodbury Road and Fair Oaks Avenue, this property is situated in the highly sought-after Altadena rental market—a prime location with strong tenant demand. Spanning a 15,909-square-foot lot with 7,524 square feet of gross building area, the property features a highly desirable unit mix of thirteen (13) studios, two (2) one-bathroom units, and one (1) loft unit, offering significant rental income potential. Residents enjoy access to premium amenities, including a gated common area, in-unit laundry, and 16 gated parking spots. Originally constructed in 1923 and thoughtfully renovated in 2018, 2191 El Sereno Ave seamlessly blends historic charm with modern convenience. With three units currently vacant, the property offers immediate upside for investors seeking to capitalize on Altadena’s strong rental demand. These vacancies present a rare chance to implement market-rate leasing strategies and maximize cash flow from day one. Whether you’re expanding your portfolio or entering a high-performing submarket, this asset delivers a turnkey investment opportunity with long-term growth potential.

FOR SALE DETAILS

PRICE

$4,795,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

16

PRICE/UNIT

$299,688

CAP RATE

4.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

15,908 SF

ZONING

R175, L.A. County

APN/PARCEL ID

5835-020-011

ASK ABOUT THIS PROPERTY

John BoyettCBRE Boyett TeamMore Info
707-815-7472

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John BoyettCBRE Boyett TeamMore Info
707-815-7472

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.