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451 E Sacramento St 8 Unit Apartment Building $6,979,600 CAD ($872,450 CAD/Unit) Altadena, CA 91001
INVESTMENT HIGHLIGHTS
- Over $540,000 invested in capital expenditures
- 30,000+ SF lot with potential to build 8 ADUs and subdivide lot into 3 parcels
- 30% upside in rent on existing units
- Assumable financing available at 5.25% interest-only, with 5 years remaining
EXECUTIVE SUMMARY
This unique community features eight (8) charming 1-bedroom, 1-bath + den Spanish-style bungalows arranged around a serene courtyard on a spacious lot. Nestled on a quiet street just half a block from the iconic Christmas Tree Lane, the property is surrounded by mature trees and expansive grassy areas, creating a peaceful and inviting atmosphere.
Over $540,000 has been invested in capital improvements, including upgrades to plumbing, roofing, and electrical systems — all already completed.
The City has approved the subdivision of the lot into three (3) separate parcels, with entitlements to build eight (8) new ADUs across the site. These additions have the potential to generate approximately $386,400 in annual rental income. Upon ADU completion, the property can be stabilized at a 12.53% cap rate with a 6.71 GRM.
Resident utility billing (RUBS) has been implemented to reduce operational costs, and the property is eligible for Mills Act designation, offering substantial potential property tax savings.
Assumable financing available at 5.25%, with five years of interest-only payments remaining.
Over $540,000 has been invested in capital improvements, including upgrades to plumbing, roofing, and electrical systems — all already completed.
The City has approved the subdivision of the lot into three (3) separate parcels, with entitlements to build eight (8) new ADUs across the site. These additions have the potential to generate approximately $386,400 in annual rental income. Upon ADU completion, the property can be stabilized at a 12.53% cap rate with a 6.71 GRM.
Resident utility billing (RUBS) has been implemented to reduce operational costs, and the property is eligible for Mills Act designation, offering substantial potential property tax savings.
Assumable financing available at 5.25%, with five years of interest-only payments remaining.
PROPERTY FACTS
| Price | $6,979,600 CAD | Building Class | C |
| Price Per Unit | $872,450 CAD | Lot Size | 0.74 AC |
| Sale Type | Investment | Building Size | 4,896 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R110, County | ||
| Price | $6,979,600 CAD |
| Price Per Unit | $872,450 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 4,896 SF |
| No. Stories | 1 |
| Year Built | 1924 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | R110, County |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 612 |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 5839-016-016 | Improvements Assessment | $185,207 CAD |
| Land Assessment | $2,037,401 CAD | Total Assessment | $2,222,608 CAD |
PROPERTY TAXES
Parcel Number
5839-016-016
Land Assessment
$2,037,401 CAD
Improvements Assessment
$185,207 CAD
Total Assessment
$2,222,608 CAD
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451 E Sacramento St
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