196-202 E Sacramento St
Altadena, CA 91001
Multifamily Property For Sale · 10 Units

The Boyett Team at CBRE is pleased to present an exceptional opportunity to acquire 196-202 E Sacramento Street, a well-maintained 10-unit apartment community situated across six buildings in the heart of Altadena — one of the San Gabriel Valley’s most coveted and supply-constrained rental markets.
Built in 1985 and offered on multiple APNs, the property sits on a generous 21,078 square foot lot (0.48 acres) and totals 7,280 square feet of gross building area, delivering an average of 728 square feet per unit at a density of 21 units per acre. The asset is zoned LCR2YY and presents a compelling combination of in-place income, near-term upside, and a submarket with enduring residential demand.
The property features a uniform unit mix of ten (10) two bedroom, two bath units averaging 700 square feet. Current rents average $1,864 per unit, generating a scheduled monthly rent of $18,635 and scheduled yearly rent of $223,620. With two vacant, move-in-ready units, the offering presents an immediate opportunity to reset rents to current market levels — where comparable two bedroom units are commanding $2,500 per month — generating a potential market monthly rent of $25,000 and market yearly rent of $300,000.
As a 1985 construction in unincorporated Los Angeles County, the property is subject to the LA County Rent Stabilization and Tenant Protections Ordinance (RSTPO), which governs allowable annual rent increases and tenant protections for covered units. As a small landlord property of 10 units or fewer, the ownership is eligible for the enhanced annual increase allowance of up to 2.93% under the current RSTPO framework. Critically, the two vacant units are exempt from rent stabilization caps and may be leased at current market rents, providing a meaningful and immediate avenue for income growth within the ordinance framework.