2191 El Sereno Ave Altadena, CA 91001-5642
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LCR175 · Altadena, CAAltadena. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.