467 East Sacramento Street, Altadena, CA 91001, USA
8Bed:
8Bath:
4,896 Sq FtLiving Area:
Save
Price
$ 5M
Show
6
more
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
Protect Yourself FromRental Scams
While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow
expert tips to reduce the risk of fraud when renting a new apartment.
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.