2191 El Sereno Ave - Apartments FOR SALE


Altadena, CA 91001
$6,495,000 USD
213-523-7651
2191 El Sereno Ave, Altadena, CA for Sale
$6,495,000 USD
Apartments - FOR SALE
1/59
null | 4.66% Cap Rate

2191 El Sereno Ave
Altadena, CA 91001


HIGHLIGHTS

  • Rare investment opportunity to own a non-conforming 16-unit building with 13 studios, two one-bed units, and a unique two-story loft.
  • Tenants enjoy modern community amenities like gated, designated parking, a shared patio with Italian lighting, and bike storage.
  • Restored 1923 Spanish architecture building with new electrical, plumbing, foundation, Milgard double-pane windows, and Santa Barbara smooth stucco.
  • Indulge in the Altadena experience of living in a residential neighborhood, a short drive from shops, restaurants, Loma Alta Park, and Eaton Canyon.
  • White oak flooring, solid wood cabinets, in-unit washer/dryer, tankless water heater, mini-split HVAC system, and renovated bath in each unit.
  • 2191 El Sereno Avenue is convenient to the 210 Freeway that grants access to many Southern California communities and beyond.

OVERVIEW

2191 El Sereno Avenue is a rare opportunity to acquire a fully remodeled, two-story, 16-unit apartment building in the highly desirable neighborhood of Altadena. This gated property, originally built in 1923, has been meticulously updated, preserving its architectural charm while seamlessly blending historic elegance with modern conveniences. The unit mix comprises 13 studios, two one-bedroom/one-bath units, and a two-story one-bedroom/one-bath loft. The building features newer electrical and plumbing systems, a Santa Barbara smooth coat stucco finish, and Milgard double-pane solid wood windows. Each unit boasts white oak floors, solid wood kitchen cabinets, walk-in closets, fire-rated front doors, in-unit laundry, tankless water heaters, mini-split HVAC systems, and subway-tiled bathrooms with clawfoot tubs. Residents enjoy designated parking spots, and every unit is individually metered for all utilities, including water. A spacious patio area outfitted with lounge chairs, Italian lighting, and a bike rack creates an inviting space for relaxing. Nestled at the foothills of the San Gabriel Mountains, this attractive multifamily asset is in a sought-after Altadena location. 2191 El Sereno Avenue is close to popular local spots such as Homestate, Stumptown Coffee, Perry's Joint, and Loma Alta Park. The 210 freeway is a mile away for residents traveling into the neighboring communities of Pasadena, Glendale, and Downtown Los Angeles. Altadena’s blend of natural beauty and proximity to the mountains and the city, in addition to the property's charm, makes this trophy asset the perfect addition to any portfolio.

FOR SALE DETAILS

PRICE

$6,495,000 USD

PRICE/SF

$863 USD /SF

# OF UNITS

16

PRICE/UNIT

$405,938

CAP RATE

4.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

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

Lotoya BaileyNourmand & AssociatesMore Info
213-523-7651

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Lotoya BaileyNourmand & AssociatesMore Info
213-523-7651

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