Property profile

2191 El Sereno Ave Altadena, CA 91001

OFF-MARKET
Apartment buildings
Property ID
US09-8462304
7,524 SF 0.37 ac lot Built 1923
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 16-unit apartment building presents a rare investment opportunity in the highly sought-after Altadena, CA neighborhood. Situated on a 0.37-acre lot at 2191 El Sereno Avenue, this fully remodeled property boasts 7,280 square feet of living space. Originally constructed in 1923, the building has been meticulously updated, seamlessly blending its historical charm with modern amenities. The unit mix includes thirteen studios, two one-bedroom/one-bathroom units, and one unique two-story one-bedroom/one-bathroom loft. Significant upgrades include new electrical and plumbing systems, a stunning Santa Barbara smooth coat stucco exterior, and Milgard double-pane solid wood windows throughout. Each unit features high-end finishes such as white oak floors, solid wood kitchen cabinets, walk-in closets, fire-rated front doors, in-unit laundry, tankless water heaters, and energy-efficient mini-split systems. Bathrooms are elegantly appointed with subway tile and clawfoot tubs. Residents enjoy designated parking and individual utility metering for water and all other utilities. A spacious patio area, complete with lounge chairs, Italian lighting, and a bike rack, provides a welcoming common space. The building's prime location offers convenient access to popular local establishments such as Homestate, Stumptown Coffee, Perry's Joint, and Loma Alta Park. This turnkey property represents a compelling investment opportunity for discerning buyers seeking a high-quality, income-producing asset in a desirable location. The asking price is $6,495,000.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1923
Construction WOOD
Total area 7,524 SF
Lot 0.37 ac (15,909 SF)
Zoning code LCR175
APN 5835-020-011
UPID US09-8462304

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2191 El Sereno Ave Altadena, CA 91001-5642
Altadena metro Census 461000 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.78M
CAP Approach CAP
$1.87M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.78M

Owner & transaction history

since 2024
Last sale
$1.8M
7 recorded transactions
2024
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
2016
$1.8M
2005
Price N/A

Zoning & alternative use

LCR175 · Altadena, CA
Top alternative use upside
Retail stores $2.6M +29.5%
Commercial (general) $2.3M +17.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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