Homes for sale - 451 E Sacramento ST, Altadena, CA 91001

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Gregorio Real Estate Group- Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 5,000,000

Est. payment | -/mo

8 Beds

8 Baths

4,896 SqFt

Save

$ 5,000,000

Est. payment | -/mo

Save

8 Beds

8 Baths

4,896 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,896 sqft

Price per Sqft $1,021

MLS Listing ID 25556197

Bedrooms 8

HOA Y/N No

Year Built 1924

Lot Size 0.741 Acres

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

Area 604 - Altadena

Zoning LCR110

Interior

Heating Combination

Cooling Dual

Fireplace No

Appliance Refrigerator, Dryer, Washer

Exterior

Parking Features Garage

Total Parking Spaces 13

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5839016016

Special Listing Condition Standard

Listed by Douglas Steinriede Dover Management Corp.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

451 E Sacramento ST Altadena, CA 91001