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Image 1 - 467 East Sacramento Street, Altadena, CA 91001, USA - House for sale
Image 2 - 467 East Sacramento Street, Altadena, CA 91001, USA - House for sale
Image 3 - 467 East Sacramento Street, Altadena, CA 91001, USA - House for sale
Image 4 - 467 East Sacramento Street, Altadena, CA 91001, USA - House for sale
Image 5 - 467 East Sacramento Street, Altadena, CA 91001, USA - House for sale
Image 6 - 467 East Sacramento Street, Altadena, CA 91001, USA - House for sale
Image 7 - 467 East Sacramento Street, Altadena, CA 91001, USA - House for sale
Image 8 - 467 East Sacramento Street, Altadena, CA 91001, USA - House for sale
Image 9 - 467 East Sacramento Street, Altadena, CA 91001, USA - House for sale
Home For Sale In Altadena, California
467 East Sacramento Street, Altadena, CA 91001, USA

Home For Sale In Altadena, California

house for sale
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Listed: 03/09/24

467 East Sacramento Street, Altadena, CA 91001, USA

8 Bed:
8 Bath:
4,896 Sq Ft Living Area:
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Price
$ 5M

About This House

Built in1924, 451 E.Sacramento Street offers an investor the opportunity to acquire an 8-unit asset on an over30, 000-square-foot lot in Altadena, California. The property is comprised of (8) 1BD/1BA + Den units with over$540, 000spent on capital improvements, including new plumbing, roofing and electrical ugrades already completed. Current ownership has received approval from the City allowing the lot to be subdivided into three (3) separate parcels with the ability to build eight (8) new ADUs across the parcels, for additional rental revenue of approximately$386, 400annually. With the construction of the ADUs, the property can be stabilized at a 11.85% cap rate and6.98 GRM.Resident utility billing (RUBS) has been implemented across the property to lower operational expenses. The property is …  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.