Description
Charming Altadena Triplex with Huge Development Potential " A Smart Investor's Dream OpportunityWelcome to a rare find in the heart of Altadena, a well-maintained triplex nestled on an expansive 8,700+ sq. ft. lot with endless possibilities! With three current tenants on month-to-month leases paying under-market rents, this property offers immediate cash flow and a host of opportunities for savvy investors, developers, or even first-time homebuyers looking to capitalize on the robust Altadena real estate market.Property Highlights:Three units in great condition, providing a stable rental income stream.Month-to-month leases offer flexibility for immediate rent increases or renovations.Huge 8,700+ sq. ft. lot with development potential " a dream canvas for creative investors.Covered carport with potential for ADU (Accessory Dwelling Unit) conversion, allowing for additional rental income or living space.Prime Altadena location, just minutes from shops, dining, parks, and easy access to Pasadena and Downtown Los Angeles.The Development Opportunity:The sheer size of this 8,700+ sq. ft. lot opens up a world of options for the astute investor. Zoned for multi-family use, the lots size, shape, and current layout are ideal for someone looking to expand, redevelop, or reimagine the property to maximize value.Investor Appeal " Immediate Cash Flow with Long-Term Growth PotentialWith rents currently below market value, this property offers immediate upside potential. A simple rent increase to market rates could improve your cash flow considerably, even without making any major changes. However, if you're the type of investor looking to maximize returns, this property could be a goldmine with strategic upgrades or redevelopment.Whether you're looking for a value-add opportunity, a place to call home while benefiting from rental income, or a development project with significant upside, this triplex checks all the boxes.The time to act is now! Schedule a viewing to see this fantastic property and review the numbers with us. Properties offering this level of flexibility and growth potential are a rarity in Altadena. Whether youre a seasoned investor looking for your next project or a first-time buyer hoping to live in one unit while benefiting from rental income, this triplex is a must-see.
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4BEDS
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0.2ACRES
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3BATHS
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01/2 BATHS
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2,622SQFT
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$572$/SQFT
Description
Charming Altadena Triplex with Huge Development Potential " A Smart Investor's Dream OpportunityWelcome to a rare find in the heart of Altadena, a well-maintained triplex nestled on an expansive 8,700+ sq. ft. lot with endless possibilities! With three current tenants on month-to-month leases paying under-market rents, this property offers immediate cash flow and a host of opportunities for savvy investors, developers, or even first-time homebuyers looking to capitalize on the robust Altadena real estate market.Property Highlights:Three units in great condition, providing a stable rental income stream.Month-to-month leases offer flexibility for immediate rent increases or renovations.Huge 8,700+ sq. ft. lot with development potential " a dream canvas for creative investors.Covered carport with potential for ADU (Accessory Dwelling Unit) conversion, allowing for additional rental income or living space.Prime Altadena location, just minutes from shops, dining, parks, and easy access to Pasadena and Downtown Los Angeles.The Development Opportunity:The sheer size of this 8,700+ sq. ft. lot opens up a world of options for the astute investor. Zoned for multi-family use, the lots size, shape, and current layout are ideal for someone looking to expand, redevelop, or reimagine the property to maximize value.Investor Appeal " Immediate Cash Flow with Long-Term Growth PotentialWith rents currently below market value, this property offers immediate upside potential. A simple rent increase to market rates could improve your cash flow considerably, even without making any major changes. However, if you're the type of investor looking to maximize returns, this property could be a goldmine with strategic upgrades or redevelopment.Whether you're looking for a value-add opportunity, a place to call home while benefiting from rental income, or a development project with significant upside, this triplex checks all the boxes.The time to act is now! Schedule a viewing to see this fantastic property and review the numbers with us. Properties offering this level of flexibility and growth potential are a rarity in Altadena. Whether youre a seasoned investor looking for your next project or a first-time buyer hoping to live in one unit while benefiting from rental income, this triplex is a must-see.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-20T00:27:01.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.