547 E Woodbury Road, Altadena, California 91001, Altadena, 91001 - 0 bed, 0 bath
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Altadena, California 91001
This triplex represents a High-Potential Investment Opportunity, listed at $1,245,000—positioned slightly above the $1,219,489 Fair Market Value. While the property requires capital for modernization, its Condition Rating of 4 and 19,307 SF lot provide significant upside through ADU development and unit repositioning. The standalone unit configuration ensures tenant privacy, while the option to acquire the adjacent property creates a unique compound-style strategy. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking to leverage long-term rental income and density growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 547 E Woodbury Road Subject | $1,245,000* List Price | 0 | 0 | 2,288 | $533 | - |
A 2109 N Marengo Avenue Sold | $1,424,000 | 0 | 0 | 2,500 | $570 | 0.5 mi |
B 2122 Navarro Avenue Active | $1,490,000 List Price | 4 | 4 | 2,443 | $610 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, this triplex is described as a 'value-add' opportunity, indicating that while functional and generating income, the interiors and systems are likely dated and exceed the 20-year threshold for modern updates. The exterior appears well-maintained, but the age and 'repositioning' potential suggest a need for minor repairs and cosmetic modernization.
The oversized 19,307 SF lot offers ample space to construct an ADU, providing a clear path to increase density and maximize future rental revenue.
The property features three standalone units, which are highly attractive to tenants for their privacy and lack of shared walls, typically commanding higher rent premiums.
The opportunity to acquire the neighboring property concurrently allows for a unique compound-style living arrangement or a larger-scale multi-property investment strategy.
The 'value-add' condition indicates that some units likely require modernization and repairs to reach their full market potential and attract top-tier tenants.
The preference for a concurrent sale with the neighboring residence may complicate the escrow process and limit the buyer pool to those willing to navigate a multi-property deal.
Rare opportunity to acquire a three-unit income property offering a compelling mix of in-place income and significant upside potential. The property consists of three standalone units nicely situated on a large 19,307 SF parcel with plenty of space to add an ADU. Overall condition ranges from good to value-add, providing investors with the opportunity to improve and reposition over time. Detailed income and expense information and floor plans are available. The neighboring home is also for sale and is a well-maintained 3-bedroom, 2-bath residence, creating potential for a combined multi-property investment, owner-user income strategy, or compound-style living environment. Properties are offered separately but intended to be sold concurrently.
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 | 2,288 | 2,394 | 50% |
| Lot Size | 19,307 | 14,976.5 | 75% |
| Price | $1.25M | $1.38M | 25% |
| Price per sq ft | $544 | $560 | 25% |
| Built year | 1947 | 1924 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 88 | 25% |
May 12, 2026
$1,245,000
Initial Listing