2835 Casitas Ave 4 Unit Apartment Building $2,188,000 ($547,000/Unit) 6.15% Cap Rate Altadena, CA 91001

Rare 4-unit multifamily property located in Altadena, CA walking distance to JPL. 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 (2835) offers a spacious [3B+2.5B] layout. The second unit (2835B) is a cozy approximately 572 SF [1B+1B] unit complete with a full kitchen, living room, and dedicated laundry room. The third unit (2833) is an approximately 920 SF [2B+2B] newly constructed unit completed with permits. The fourth unit (2831) is an approximately 1,183 SF [2B+2B] 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 and are separate buildings (no shared common walls). All four units also have their own laundry room. One master water meter services the property. Additional improvements include new roofs and HVAC systems for all 4 units. Front house and 4th unit is currently rented out by tenants. 2nd and 3rd unit are currently vacant.