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$ 1,499,999
Est. payment /mo
Active
3103 Lincoln AVE Altadena, CA 91001
4 Beds
3 Baths
2,622 SqFt
UPDATED:
12/12/2024 01:50 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,622 sqft
Price per Sqft $572
MLS Listing ID CRIV24246230
Bedrooms 4
Full Baths 3
Originating Board California Regional MLS
Year Built 1955
Lot Size 8,767 Sqft
Property Description
Charming Altadena Triplex with Huge Development Potential - A Smart Investor's Dream Opportunity Welcome to a rare find in the heart of Altadena, a well-maintained triplex nestled on an expansive 8,700+ sq. ft. lot with endless possibilities! With three current tenants on month-to-month leases paying under-market rents, this property offers immediate cash flow and a host of opportunities for savvy investors, developers, or even first-time homebuyers looking to capitalize on the robust Altadena real estate market. Property Highlights: Three units in great condition, providing a stable rental income stream. Month-to-month leases offer flexibility for immediate rent increases or renovations. Huge 8,700+ sq. ft. lot with development potential - a dream canvas for creative investors. Covered carport with potential for ADU (Accessory Dwelling Unit) conversion, allowing for additional rental income or living space. Prime Altadena location, just minutes from shops, dining, parks, and easy access to Pasadena and Downtown Los Angeles. The Development Opportunity: The sheer size of this 8,700+ sq. ft. lot opens up a world of options for the astute investor. Zoned for multi-family use, the lot's size, shape, and current layout are ideal for someone looking to expand, red
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LCC2*
Interior
Cooling Other
Fireplaces Type Other
Exterior
Pool None
View Local/Neighborhood
Building
Lot Description Irregular
Story Split Level
Water District - Public
Others
Tax ID 5829005047
Special Listing Condition Not Applicable
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Listed by ROBERT WATKINS • RE/MAX TIME REALTY