2835 Casitas Avenue, Altadena, California 91001, Altadena, 91001 - 0 bed, 0 bath
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Altadena, California 91001
Analysis of 2835 Casitas Avenue, Altadena, California 91001 is currently available with a list price of $2,188,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Altadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Two of the four units are newly constructed with permits, and the entire property features substantial recent improvements including new roofs and HVAC systems for all units. Interiors show fresh paint, new flooring, and modern mini-split systems, meeting the criteria for a recent high-quality renovation.
All four units are separate buildings with no shared common walls and individual mailing addresses, offering tenants maximum privacy and a single-family residential feel.
The property features two newly constructed units, new roofs, and new HVAC systems for all units, plus owned solar panels on the largest unit, minimizing immediate maintenance requirements.
As a quadruplex, this property qualifies for residential financing, making it an ideal opportunity for an owner-occupant to utilize favorable lending terms while generating rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4259, other record living area = 2156.
While gas and electricity are separately metered, the property operates on a single master water meter, which complicates utility billing and increases owner overhead.
With two units currently vacant, a new owner must immediately navigate the leasing process to stabilize the property's cash flow and achieve its full investment potential.
Rare 4-unit multifamily property located in Altadena, CA walking distance to JPL. Property qualifies for residential financing. Excellent opportunity for an owner-occupant to live in one unit and rent out the others, accommodate extended family living, or operate as a pure investment property. Situated on a large 11,853 SF rectangular lot, the property features a diverse unit mix with substantial recent improvements. The front house (2835) offers a spacious [3B+2.5B] layout. The second unit (2835B) is a cozy approximately 572 SF [1B+1B] unit complete with a full kitchen, living room, and dedicated laundry room. The third unit (2833) is an approximately 920 SF [2B+2B] newly constructed unit completed with permits. The fourth unit (2831) is an approximately 1,183 SF [2B+2B] newly constructed unit, also built with permits, and includes owned solar panels (not leased), which will be included in the sale. All four units are separately metered for gas and electricity. All four units also have their own mailing address and are separate buildings (no shared common walls). All four units also have their own laundry room. One master water meter services the property. Additional improvements include new roofs and HVAC systems for all 4 units. Front house and 4th unit is currently rented out by tenants. 2nd and 3rd unit are currently vacant.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.5 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 4,259 | 3,379.5 | 50% |
| Lot Size | 11,783 | 11,532.5 | 50% |
| Price | $2.19M | $1.81M | 50% |
| Price per sq ft | $514 | $560 | 25% |
| Built year | 1948 | 1924 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 88 | 25% |
May 28, 2026
$2,188,000
Initial Listing
Jun 30, 2023
$1,080,000
Public Record