2629 Lake Avenue, Altadena, CA 91001

Altadena
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2629 Lake Avenue,Altadena, CA 91001
$5,150,000
  • 17 Beds
  • 14 Baths
  • 12,652 sq. ft.
  • Multi-family
  • Active
Listed by: alexander metaxas, benjamin j. hsiang
Office: realty investment advisors, inc.
MLS#:26779707
Source:CRMLS

Price summary

  • Price:$5,150,000
  • Price per sq. ft.:$407.05

About this home

15 OF 16 UNITS CURRENTLY VACANT AND RENT READY! We are pleased to present a rare investment opportunity in Altadena where the rebirth of the City has already begun. These two properties combined are 16 residential units with 15 vacant offering a fresh start slate for investors seeking immediate lease-up potential and long-term upside. The offering consists of two adjacent parcels, a 14-unit apartment property and a separate Duplex property, providing operational flexibility, owner-user potential and eliminating the requirement for an on-site manager. The property has been fully remediated following the Eaton Fire, presenting a fresh start with renewed confidence in the asset's condition. The properties benefit from new roofs within the past few years 14 INDIVIDUAL, ENCLOSED GARAGES, all of which are currently vacant offering further income potential or added tenant appeal in a competitive rental market. With strong fundamentals, minimal deferred maintenance, and significant...

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Home facts

  • Year built:1949
  • Listing ID #:26779707
  • Added:47 day(s) ago
  • Updated:June 10, 2026 at 10:35 AM

Rooms and interior

  • Bedrooms:17
  • Total bathrooms:14
  • Kitchen Description:Disposal
  • Living area:12,652 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1949
  • Building area:12,652 sq. ft.
  • Lot area:0.43 Acres

Finances and disclosures

  • Price:$5,150,000
  • Price per sq. ft.:$407.05

Features and amenities

  • Appliances:Disposal

Parking

  • Total parking spaces:28
  • Parking description:Converted Garage, Driveway
  • Garage:Yes
  • Garage spaces:14
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