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Image 1 - 2565 El Molino Avenue, Altadena, CA 91002, USA - House for sale
Image 2 - 2565 El Molino Avenue, Altadena, CA 91002, USA - House for sale
Image 3 - 2565 El Molino Avenue, Altadena, CA 91002, USA - House for sale
Image 4 - 2565 El Molino Avenue, Altadena, CA 91002, USA - House for sale
Image 5 - 2565 El Molino Avenue, Altadena, CA 91002, USA - House for sale
Image 6 - 2565 El Molino Avenue, Altadena, CA 91002, USA - House for sale
Image 7 - 2565 El Molino Avenue, Altadena, CA 91002, USA - House for sale
Image 8 - 2565 El Molino Avenue, Altadena, CA 91002, USA - House for sale
Image 9 - 2565 El Molino Avenue, Altadena, CA 91002, USA - House for sale
Home For Sale In Altadena, California
2565 El Molino Avenue, Altadena, CA 91002, USA

Home For Sale In Altadena, California

house for sale
Listed: 03/07/24

2565 El Molino Avenue, Altadena, CA 91002, USA

12 Bed:
10 Bath:
6,448 Sq Ft Living Area:
Save
Price
$ 4,35M

About This House

2548 El Molino Avenue is a 10-unit asset located in Altadena, California. Current ownership has spent over$400, 000to thoughtfully restore the asset, with$170, 000alone spent on electrical and plumbing ugrades and a new roof. New ownership can take advantage of current ownership's interior remodels and recognize 20% upside on current rents. The property is comprised of (2) 2BD/1BAunits, (6) 1BD/1BA + Den units, and (2) 1BD/1BAunits. Current ownership has implemented resident utility billing (RUBS) across all units, allowing the asset to operate at a sub 30% expense ratio. The property is Mills Act eligible, which would allow new ownership to further drive down operating expenses. An existing storage space provides current income, and also has the potential to be converted …  Full description

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Altadena Housing & Living

Household Income

Median household income: $88,774
Number of households: 15,475
The average household income in Altadena, CA grew from $88,236 to $88,774 in the past year. This data is an estimate based upon 15,475 households in Altadena, CA.
The chart below presents how household income is distributed in Altadena, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Altadena, CA compared to median property taxes around the country. The prevalent amount of property taxes in Altadena, CA equals $3k+ , which is more than the national average.