2835 Casitas Ave 4 Unit Apartment Building Offered at $2,188,000 at a 6.15% Cap Rate Altadena, CA 91001

Rare 4-unit multifamily property located in the highly desirable Altadena, CA market. Property qualifies for residential financing. Excellent opportunity for an owner-occupant to live in one unit and rent out the others, accommodate extended family living, or operate as a pure investment property. Situated on a large 11,853 SF rectangular lot, the property features a diverse unit mix with substantial recent improvements. The front house offers a spacious 3-bedroom + 2.25-bathroom layout. The second unit is a cozy approximately 572 SF 1-bedroom + 1-bathroom unit complete with a full kitchen, living room, and dedicated laundry room. The third unit is an approximately 920 SF 2-bedroom + 2-bathroom newly constructed unit completed with permits. The fourth unit is an approximately 1,183 SF 2-bedroom + 2-bathroom newly constructed unit, also built with permits, and includes owned solar panels (not leased), which will be included in the sale. All four units are separately metered for gas and electricity. All four units also have their own mailing address. One master water meter services the property. Additional improvements include replaced roofs for the front two units and brand new HVAC systems for the front house and second unit. Front house and 4th unit is currently rented out by tenants. 2nd and 3rd unit are currently vacant.