CA > Altadena
Altadena, CA 91001,451 E Sacramento Street
Altadena, CA 91001,451 E Sacramento Street
Altadena, CA 91001,451 E Sacramento Street
7
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$5,000,000
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4,896 SqFt
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451 E Sacramento Street Altadena, CA 91001

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Disen Cai

Disen Cai

+1(650) 622-2156

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,896 sqft

Price per Sqft $1,021

MLS Listing ID CL25556197

HOA Y/N No

Year Built 1924

Lot Size 0.741 Acres

Acres 0.74

Property Sub-Type Other

Property Description

This unique community features eight (8) charming 1-bedroom, 1-bath + den Spanish-style bungalows arranged around a serene courtyard on a spacious lot. Nestled on a quiet street just half a block from the iconic Christmas Tree Lane, the property is surrounded by mature trees and expansive grassy areas, creating a peaceful and inviting atmosphere. Over $540,000 has been invested in capital improvements, including upgrades to plumbing, roofing, and electrical systems all already completed. New ownership can subdivide the lot into three (3) separate parcels, allowing the opportunity to build eight (8) new ADUs across the site. These additions have the potential to generate approximately $386,400 in annual rental income. Upon ADU completion, the property can be stabilized at a 12.53% cap rate with a 6.71 GRM. Resident utility billing (RUBS) has been implemented to reduce operational costs, and the property is eligible for Mills Act designation, offering substantial potential property tax savings. Assumable financing available at 5.25%, with five years of interest-only payments remaining.

Location

State CA

County Los Angeles

Zoning LCR1

Interior

Heating Other

Cooling Other

Fireplace No

Appliance Dryer

Laundry Dryer, Washer

Building

New Construction No

Others

Tax ID 5839016016

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Douglas Steinriede • Dover Management Corp.

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Disen Cai

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+1(650) 622-2156

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