16 UNITS | ALTADENA
Call for price

We are pleased to present a rare investment opportunity in Altadena where the rebirth of the City has already begun.  This 16-unit residential income property offers a clean slate for investors seeking immediate lease-up potential and long-term upside.

The offering consists of two adjacent parcels, including a 14-unit apartment building and a separate duplex, providing operational flexibility and eliminating the requirement for an on-site manager. An exceptional feature of this asset is that 15 of the 16 units are currently vacant and in rent-ready condition, allowing a new owner to set market rents from day one without the challenges of tenant turnover.

The property has been fully remediated following the Eaton Fire, presenting a fresh start with renewed confidence in the asset’s condition. Recent capital improvements include newer roofs installed within the past few years, reducing near-term maintenance concerns.

Additional highlights include 14 enclosed garage spaces, 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 a sought-after rental location.