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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 : Residential Income

Price : $5,150,000

AD Id : 77695661

MLS Id : 26779707

Beds : 17

Lot Size : 18,896 Sqft

Living Area Size : 12,652

Year Built : 1949

Garage : 14

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 17

    Bathroom Information

    Total Baths: 14 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Disposal
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1949 Building Area Total: 12,652

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.4338
  • Lot Size Source: Assessor Lot Size Square Feet: 18896

  • Listing Price Information

    Original List Price: 5,150,000 Listing Contract Date: 2026-04-21
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5841030003

  • Garage and Parking

    Garage Description: Converted Garage,Driveway Attached Garage: Yes

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 604 - Altadena Postal Code Plus 4: 1965 Directions: North on Lake Ave, located on West side of street corner of Lake and Pine St. Zoning: LCR3YY Source Property Type: Residential Income Area: 604 - Altadena
  • Building and Construction

    Property Age: 77 Year Built Source: Vendor Enhanced Total Square Feet Living: 12652 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1696 N Altadena Drive, Altadena, CA, 91001 $1,499,999 4 3 2,250 2,250 SqFt
2151 N Altadena, Altadena, CA, 91001 $1,745,000 3 2 1,744 1,744 SqFt
2201 Roosevelt Avenue, Altadena, CA, 91001 $1,399,000 3 3 2,243 2,243 SqFt
2185 N Roosevelt Avenue, Altadena, CA, 91001 $1,899,000 3 1 2,160 2,160 SqFt
2061 N Roosevelt Avenue, Altadena, CA, 91001 $1,450,000 3 2 1,621 1,621 SqFt
2452 N Altadena Drive, Altadena, CA, 91001 $1,595,000 3 2 2,223 2,223 SqFt
2217 Crescent Drive, Altadena, CA, 91001 $3,995,000 6 4 5,917 5,917 SqFt
2555 N Altadena Drive, Altadena, CA, 91001 $2,395,000 4 4 3,297 3,297 SqFt
2065 E Altadena, Altadena, CA, 91001 $3,999,998 7 9 6,125 6,125 SqFt
2060 E Altadena Drive, Altadena, CA, 91001 $2,475,000 4 2 3,016 3,016 SqFt

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ByOwner last updated this listing 06/15/2026 @ 03:33

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

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