637 W Altadena Drive, Altadena, California 91001, Altadena, 91001 - 0 bed, 0 bath
Loading property details...
Altadena, California 91001
This C2-Zoned Triplex represents a High-Potential Investment Opportunity, currently listed at a List Price of $1,095,000, which aligns with the $1,095,000 Fair Market Value. While the property maintains a Condition Rating of 4, its dated interior infrastructure provides a clear path for value-add modernization. Featuring separate utility metering and a versatile unit mix, this asset is primed for rental income growth. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the property's significant rental upside and long-term development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 637 W Altadena Drive Subject | $1,095,000* List Price | 0 | 0 | 2,895 | $378 | - |
A 637 W Altadena Drive Active | $1,095,000 List Price | 0 | 0 | 2,895 | $378 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963 (61 years old), the property is well beyond the 20-year threshold for 'Fair' condition. While the exterior has been recently painted and maintained, the lack of mentioned interior renovations to kitchens and baths, combined with 'below market' rents and 'upside potential,' indicates the units are dated and require modernization to meet current market standards.
The property's C2 zoning offers unique versatility for investors, providing potential for future commercial development or mixed-use possibilities in a highly desirable area.
With all tenants currently on month-to-month leases and rents below market value, there is a clear opportunity for an owner to immediately increase cash flow and maximize ROI.
The building features separate gas and electric meters for all units and recently completed exterior repairs, reducing landlord overhead and immediate maintenance requirements.
Despite its proximity to the Altadena Meadows and hiking trails, the property lacks the mountain or city views often expected in this geographic region.
Built in 1963, the property may require interior modernization and system upgrades to compete with newer residential income products and attract premium rental rates.
Welcome to 637 W Altadena Drive--a rare C2-zoned triplex offering versatility and income potential in one of Altadena's most desirable areas. This two-story property, built in 1963, consists of three well-laid-out units: two 2-bed/1-bath units and one 1-bed/1-bath unit, totaling 2,887 sq ft of living space. All units have separate gas and electric meters. The exterior of the building was recently painted along with other repairs.Ideal for an investor, an owner-occupant seeking rental income, or a developer exploring future possibilities. The property features four covered carport spaces with overhead storage, a shared laundry room with sink and plumbing in place, and a large separate storage room.Conveniently located just south of the Altadena Meadows and Lavina Estates, this property is minutes from hiking trails, shopping, dining, parks, schools, and major freeways with easy access to Pasadena, the Rose Bowl, and Los Angeles.Current rents are below market with all tenants on month-to-month leases--offering strong upside potential.
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 | 2,895 | 2,697.5 | 50% |
| Lot Size | 6,425 | 10,468 | 25% |
| Price | $1.09M | $1.38M | 25% |
| Price per sq ft | $378 | $560 | 25% |
| Built year | 1963 | 1924 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 88 | 25% |
Jun 2, 2026
$1,095,000
Initial Listing