412 W Mendocino Street, Altadena, California 91001, Altadena, 91001 - bed, bath
ACTIVE$499,000
412 W Mendocino Street, Altadena, California 91001
0Bed
0Bath
Sqft
7,978Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Views: Located in 'Beautiful Altadena' with sprawling mountain views, offering a highly desirable and scenic setting for a custom home.
Top Cons:
Significant Additional Investment Required: The listed price is for the lot only, meaning buyers must budget substantial additional capital for construction, architectural plans, permits, and utility connections.
Compared to the nearby listings
Price:$499.0K vs avg $1.10M ($-601,000)2%
Size: sqft vs avg 1,581 sqft7%
Price/sqft:$0 vs avg $7137%
More Insights
Built in 1939 (86 years old).
Condition: The MLS description explicitly states this is a 'residential lot' and 'The price reflects the lot only,' indicating there is no existing residential structure. The images confirm a vacant lot with remnants of a previous foundation. Since there is no habitable dwelling, the property is unlivable in its current state, and its value is based solely on the land and its potential for redevelopment, aligning with the 'tear-down' criteria. There are no kitchen, bathroom, or other interior features to assess.
Year Built
1939
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
P1-23792
Home ConditionTear down
Features
Excellent View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood
About this home
This north-facing residential lot offers sprawling mountain views, creating an excellent opportunity to build your dream house in 'Beautiful Altadena'. This level lot, spanning 7,978 sq. ft., FEMA Phase One and Phase Two clean-up process completed. The price does not included a residential rebuild. The price reflects the lot only.
Condition Rating
Tear down
The MLS description explicitly states this is a 'residential lot' and 'The price reflects the lot only,' indicating there is no existing residential structure. The images confirm a vacant lot with remnants of a previous foundation. Since there is no habitable dwelling, the property is unlivable in its current state, and its value is based solely on the land and its potential for redevelopment, aligning with the 'tear-down' criteria. There are no kitchen, bathroom, or other interior features to assess.
Pros & Cons
Pros
Prime Location & Views: Located in 'Beautiful Altadena' with sprawling mountain views, offering a highly desirable and scenic setting for a custom home.
Ready-to-Build Level Lot: The property is a level lot, which significantly simplifies construction and reduces potential site preparation costs compared to sloped or uneven terrain.
Environmental Clearance Completed: Completion of FEMA Phase One and Phase Two clean-up processes de-risks the property, providing peace of mind regarding environmental concerns for future development.
Custom Build Opportunity: This lot presents an excellent opportunity for a buyer to design and build a completely custom dream house tailored to their exact specifications and preferences.
Generous Lot Size: Spanning 7,978 sq. ft., the lot offers ample space for a substantial single-family residence, landscaping, and potential outdoor living areas.
Cons
Significant Additional Investment Required: The listed price is for the lot only, meaning buyers must budget substantial additional capital for construction, architectural plans, permits, and utility connections.
Time-Consuming Building Process: Building a new home from scratch is a lengthy and complex endeavor, involving design, permitting, and construction, which can be a deterrent for buyers seeking immediate occupancy.
No Immediate Habitation: As a vacant lot, the property offers no immediate living space, requiring buyers to secure alternative housing during the entire construction period.