2835 Casitas Ave - Apartments FOR SALE


Altadena, CA 91001
$2,188,000 USD
626-888-2995
2835 Casitas Ave, Altadena, CA for Sale
$2,188,000 USD
Apartments - FOR SALE
1/29
null | 5.73% Cap Rate

2835 Casitas Ave
Altadena, CA 91001


HIGHLIGHTS

  • Rare 4-Unit Multi-Family walking distance to JPL!
  • Qualifies for Residential Financing.
  • Two units currently vacant.
  • Two Brand New Units (Built in 2025 with permits).
  • Large 11,853 SF Rectangular Lot.
  • New Roof and HVAC on all 4 units.

OVERVIEW

Rare 4-unit multifamily property located in Altadena, CA walking distance to JPL. Property qualifies for residential financing. Excellent opportunity for an owner-occupant to live in one unit and rent out the others, accommodate extended family living, or operate as a pure investment property. Situated on a large 11,853 SF rectangular lot, the property features a diverse unit mix with substantial recent improvements. The front house (2835) offers a spacious [3B+2.5B] layout. The second unit (2835B) is a cozy approximately 572 SF [1B+1B] unit complete with a full kitchen, living room, and dedicated laundry room. The third unit (2833) is an approximately 920 SF [2B+2B] newly constructed unit completed with permits. The fourth unit (2831) is an approximately 1,183 SF [2B+2B] newly constructed unit, also built with permits, and includes owned solar panels (not leased), which will be included in the sale. All four units are separately metered for gas and electricity. All four units also have their own mailing address and are separate buildings (no shared common walls). All four units also have their own laundry room. One master water meter services the property. Additional improvements include new roofs and HVAC systems for all 4 units. Front house and 4th unit is currently rented out by tenants. 2nd and 3rd unit are currently vacant.

FOR SALE DETAILS

PRICE

$2,188,000 USD

PRICE/SF

$514 USD /SF

# OF UNITS

4

PRICE/UNIT

$547,000

CAP RATE

5.73%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,853 SF

ZONING

LCR175

APN/PARCEL ID

5823-019-031

ASK ABOUT THIS PROPERTY

Donald LaATLAS GROUP - EXP REALTYMore Info
626-888-2995

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Donald LaATLAS GROUP - EXP REALTYMore Info
626-888-2995

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