637 W Altadena Drive, Altadena, California 91001, Altadena, 91001 - 0 bed, 0 bath
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Altadena, California 91001
Analysis of 637 W Altadena Drive, Altadena, California 91001 is currently available with a list price of $1,095,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1963, this triplex is functional and has received recent exterior maintenance including paint, but it retains dated infrastructure. The presence of window AC units, older metal-framed windows, and the listing's own analysis regarding the need for interior modernization to reach market potential indicate the property has not undergone a full recent renovation and shows typical signs of age for its era.
The rare C2 zoning provides significant flexibility for investors, offering potential for commercial use, mixed-use development, or future expansion.
With all tenants currently on month-to-month leases and rents below market value, there is an immediate opportunity to increase the property's capitalization rate.
Individual gas and electric meters for all three units minimize landlord overhead and simplify utility management for the owner.
A recent price reduction of $120,000 suggests the property may have struggled with initial market interest or valuation expectations.
Built in 1963, the property likely requires ongoing capital expenditures for interior modernization and system upgrades to achieve top-of-market rents.
The unit mix is restricted to 1 and 2-bedroom layouts, which may exclude larger family demographics looking for 3+ bedroom rentals in the Altadena area.
BACK ON MARKET - Subject to Cancellation of Current Escrow! 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 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,895 | 2,895 | 50% |
| Lot Size | 6,425 | 9,654 | 33% |
| Price | $1.09M | $1.42M | 33% |
| Price per sq ft | $378 | $551 | 33% |
| Built year | 1963 | 1925 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 136 | 136 | 67% |
Feb 3, 2026
$1,095,000
$1,215,000
-10% Price Drop
Initial Listing
Dec 7, 2025
$1,215,000
Initial Listing