2831-2835 Casitas Ave, Altadena, CA 91001

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Property Details

Address
2835 Casitas Ave, Altadena, CA 91001
Price
$2,175,000
# of Units
4
Status
Available
Building Size
4,259 SF
Price/Unit
$543,750
CAP Rate
6.19%
Year Built
1948/2025
GRM
12.76
Type
Multi-Family
Lot Size
11,853 SF
Price/SF
511

Property Information

Rare opportunity to acquire a 4-unit multifamily property in Altadena, CA. Situated on a generous ±11,853 SF rectangular lot, this property features four fully detached units with no shared common walls. Ideal for extended family living, investment, or live in one and collect rental income on the other 3 units. Unit breakdown: 2831: 2 Bed / 2 Bath (± 1,183 SF); 2833: 2 Bed / 2 Bath (± 920 SF); 2835B: 1 Bed / 1 Bath (± 572 SF); 2835: 3 Bed / 2.5 Bath (± 1,584 SF). Each unit has its own mailing address and separate meters for gas and electricity. All units include two uncovered parking spaces, providing convenience for residents. Recent capital improvements include new roofing and insulation across all four units, as well as new HVAC systems throughout. Units 2831 and 2833 were recently constructed from the ground up.  Unit 2831 benefits from solar panels (owned not leased), enhancing long-term efficiency and cost savings. Located near major employment and lifestyle hubs such as Jet Propulsion Laboratory (JPL), Rose Bowl Stadium, hiking trails.

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