13 bedroom house for sale
$3,750,000 - Altadena CA 91001Advertisement
Overview
Property Details: This investment opportunity comprises two parcels of land totaling 24, 744 square feet. The current development on these parcels includes: Parcel 1: A 9-unit apartment complex featuring a mix of 6 one-bedroom and 3 two-bedroom units. Additionally, this parcel boasts three 2-car garages and on-site laundry facilities. Parcel 2: Positioned to the north, this parcel includes a single-family residence at the rear of the property with a detached garage conversion. Notably, the front portion of this parcel offers ample parking space for up to 18 vehicles and a site for development. Opportunity 1: Expansion and Conversion: The prospective investor can explore the possibility of adding additional units to the parking area. Additionally, there exists the potential to convert the current garages into income-generating units, thereby maximizing the revenue potential of the property. Opportunity 2-A new development of low income housing for Senior citizens or Alternatively, investors may opt to embark on a new development project encompassing both parcels. This comprehensive approach allows for the creation of a fresh, integrated development plan spanning across the entire property. Importantly, rental income from the existing structures can be sustained throughout the planning and entitlement phase of the new development, ensuring financial stability and flexibility.Altadena CA 91001
13 bedroom house for sale
- Beds: 13
- Baths: 10
- Price: $3,750,000
- Reference No.: 74227985
- Area: 6,704 sqft
House Altadena
This House for sale is located at Altadena CA 91001. The home has 13 Bedroom and 10 Bathrooms. This 13 bedroom House in Altadena CA is for sale for $3,750,000 .
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2024-07-21, Viewed 0 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-07-21, Viewed 0 times.
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