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Investment Highlights

  • Large Units
  • 2nd unit Shell Only
  • Ample Parking

Executive Summary

Rare opportunity to own a multifamily property in the heart of Altadena. Built in 1983, this two-on-a-lot investment offers an excellent blend of stability, functionality, and long-term potential. With the front unit currently occupied, each unit provides 5 bedrooms and 2 bathrooms within a practical layout designed for everyday living, making this an attractive option for both tenants and investors. A standout feature of the property is the vacant rear home, presenting an exceptional opportunity to rebuild and create your vision. Whether you're looking to design a dream owner's unit, maximize rental income, or enhance the property's overall value, this blank canvas offers tremendous potential. The property offers ample on-site parking and sits on a generously sized lot with mature landscaping and easy access. Located just moments from local shops, restaurants, parks, and major commuter routes, residents enjoy the convenience of a central location while still experiencing the charm and character that make Altadena so desirable. Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or capitalize on the opportunity to reimagine the vacant rear unit, this is an exceptional chance to own a quality two-on-a-lot with both immediate income potential and exciting possibilities for the future.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $40,119 $9.88
Other Income - -
Vacancy Loss - -
Effective Gross Income $40,119 $9.88
Taxes - -
Operating Expenses - -
Total Expenses $10,186 $2.51
Net Operating Income $29,933 $7.37

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $40,119
Annual Per SF $9.88
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $40,119
Annual Per SF $9.88
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $10,186
Annual Per SF $2.51
Net Operating Income (CAD)
Annual $29,933
Annual Per SF $7.37

Property Facts

Price $982,305 CAD
Price Per Unit $491,152 CAD
Sale Type Investment
Cap Rate 3.05%
Sale Condition Deferred Maintenance
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Building Size 4,060 SF
Average Occupancy 50%
No. Stories 2
Year Built 1983
Zoning R2 - Multi-Family

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
5+2 1 $3,343 CAD 2,030
5+2 1 - 2,030
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
  • Listing ID: 41300391

  • Date on Market: 2026-07-15

  • Last Updated:

  • Address: 158 E Sacramento St, Altadena, CA 91001

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