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2629 Lake Avenue

Altadena, CA 91001
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Bed 17

Bed

Bath 0

Bath

SqFt12,652

Sqft

SqFt18,896

Sqft(Lot)

15 OF 16 UNITS CURRENTLY VACANT AND RENT READY! We are pleased to present a rare investment opportunity in Altadena where the rebirth of the City has already begun. These two properties combined are 16 residential units with 15 vacant offering a fresh start slate for investors seeking immediate lease-up potential and long-term upside. The offering consists of two adjacent parcels, a 14-unit apartment property and a separate Duplex property, providing operational flexibility, owner-user potential and eliminating the requirement for an on-site manager. The property has been fully remediated following the Eaton Fire, presenting a fresh start with renewed confidence in the asset's condition. The properties benefit from new roofs within the past few years 14 INDIVIDUAL, ENCLOSED GARAGES, a ll of which are currently vacant offering further income potential or added tenant appeal in a competitive rental market. With strong fundamentals, minimal deferred maintenance, and significant lease-up opportunity, this Altadena property is ideally suited for investors looking to stabilize and maximize returns in what will be a premiere rental location. Two properties must be sold together because of shared driveway and lot configurations. Duplex address is 765 E. Pine St., Altadena, APN# 5841-030-005. Price includes both properties!

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,150,000

AD Id : 77695661

MLS Id : 26779707

Beds : 17

Lot Size : 18,896 Sq. Ft

Living Area Size : 12,652 Sq. Ft

Year Built : 1949

Garage : 14

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 17

    Bathroom Information

    Total Baths: 14
  • Interior Features

    Appliances: Disposal
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1949
    Building Area Total: 12652
    Private Pool: No

  • Lot Information

    Main Square Feet: 18896 Lot Size Acres: 0.4338 Lot Size Source: Assessor Lot Size Square Feet: 18,896

  • Listing Price Information

    Listing Price: $5150000

  • Tax Information

    Parcel Number: 5841030003

  • Parking Information

    Parking Total: 28 Converted Garage, Driveway

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 14

  • Location Information

    Direction: North on Lake Ave, located on West side of street corner of Lake and Pine St.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2452 N Altadena Drive, Altadena, CA, 91001 $1,549,000 3 2 2,223 14,282 Sq. Ft
1788 Pepper Drive, Altadena, CA, 91001 $3,200,000 5 7 4,064 27,116 Sq. Ft
1914 Midlothian Drive, Altadena, CA, 91001 $4,490,000 4 5 4,424 35,454 Sq. Ft
1604 Woodglen Lane, Altadena, CA, 91001 $2,498,000 3 3 2,799 25,805 Sq. Ft
1688 E Mendocino, Altadena, CA, 91001 $2,499,990 7 7 4,299 10,116 Sq. Ft
1565 Homewood Drive, Altadena, CA, 91001 $1,095,000 4 2 2,016 13,000 Sq. Ft
3345 Rubio Crest Drive, Altadena, CA, 91001 $1,699,000 5 4 2,785 0.25 Acre
1641 Morada Place, Altadena, CA, 91001 $1,700,000 4 3 2,088 12,222 Sq. Ft
1501 New York Drive, Altadena, CA, 91001 $1,949,000 3 3 2,122 8,010 Sq. Ft
3128 N Mount Curve, Altadena, CA, 91001 $1,995,000 6 6 3,600 6,266 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/15/2026 @ 09:51

MLS: 26779707 LISTED BY: Alexander Metaxas, Realty Investment Advisors, Inc. SOURCE: CRMLS

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