856 Alameda St - Apartments FOR SALE


Altadena, CA 91001
$3,275,000 USD
909-239-6013
856 Alameda St, Altadena, CA for Sale
$3,275,000 USD
Apartments - FOR SALE
1/45
null | 8.31% Cap Rate

856 Alameda St
Altadena, CA 91001


HIGHLIGHTS

  • Call to tour.
  • Exceptional residential income property in a highly sought-after Altadena neighborhood

OVERVIEW

Discover an exceptional residential income property in a highly sought-after Altadena neighborhood. This versatile investment features four separate buildings with a total of nine income-generating units, including one single-family residence, two duplexes, and one four-plex. Unit numbers include 1, 1A, 2, 3, 3A, 4, 5, 5B, and 6. The property offers a mix of layouts to cater to diverse tenant needs, with highlights such as 8 covered carport spaces, 2 uncovered spaces, and a shared laundry area, while Units #1, #2, and #4 enjoy the added convenience of interior laundry. Designed for ease of management, this low-maintenance property includes 6 gas meters and 7 electric meters, ensuring efficient operation. Select units feature private enclosed yards, and all are equipped with wall A/C and heaters. There are also two storage units on the property. The buildings are thoughtfully laid out, with Unit #6 as a standalone home, Units #5 and #5B forming a duplex, Units #2 and #4 featuring an upper/lower duplex design, and Units #1, 1A, 3, and 3A comprising a four-plex. The property has been meticulously maintained, with roofs in great condition at just 15 years old, freshly landscaped grounds, and recently remodeled interiors. This is a prime investment opportunity offering stable rental income and significant upside potential in a fantastic location. Contact us today and be sure to check out our video tour!

FOR SALE DETAILS

PRICE

$3,275,000 USD

PRICE/SF

$481 USD /SF

# OF UNITS

9

PRICE/UNIT

$363,889

CAP RATE

8.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

LCR2YY

APN/PARCEL ID

5845-024-025

ASK ABOUT THIS PROPERTY

Jerry StappStapp Real Estate GroupMore Info
909-239-6013

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Jerry StappStapp Real Estate GroupMore Info
909-239-6013

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