646 W Mendocino Street, Altadena, California 91001, Altadena, 91001 - 2 bed, 2 bath
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Altadena, California 91001
This property presents a High-Potential Investment Opportunity with a List Price of $649,000—positioned well above the $530,835 Fair Market Value by -22%. While the current valuation reflects a premium, the 9,146 sqft lot and converted garage studio offer significant value-add potential. Given the Condition Rating of 6, this asset requires a comprehensive renovation to unlock its full market capacity. This project is a strategic acquisition for Fix-and-Flip Investors or Contractors capable of managing extensive structural and cosmetic improvements.
Property is land value only, full reconstruction required.
Built in 1948 (76 years old) with no evidence of renovation, this property meets the age criteria for a tear-down. The exterior shows a tarped roof indicating major structural/system failure, and the description labels it a 'fixer' requiring significant cleanout, suggesting it is currently unlivable and valued primarily for the land and 'upside' potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9146, living area = 1495.
Priced competitively for the Altadena market, this property offers a prime opportunity for investors or contractors to create substantial equity through a comprehensive renovation.
The converted garage provides a flexible footprint for a creative studio, home office, or potential ADU, adding valuable functional square footage to the property.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1495, other record living area = 1264.
The property is in 'fixer' condition and requires a significant cleanout and modernization, which will necessitate a substantial upfront capital investment.
Due to the home's current condition and need for significant repairs, it may face challenges with traditional financing, likely requiring cash or specialized renovation loans.
Altadena fixer with tremendous upside and opportunity. This property is ideal for investors, contractors, or buyers looking to create value through renovation. The home needs significant cleanout and updating, but offers a compelling chance to reimagine the space in a desirable Altadena setting. The property also features a converted garage currently being used as a studio, offering potential flexibility for creative use, work-from-home space, or future improvement. Generous outdoor areas, mature landscaping, and a long driveway add to the property's possibilities. Bring your vision and explore the potential this Altadena opportunity has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,495 | 1,805 | 30% |
| Lot Size | 9,146 | 8,522 | 59% |
| Price | $649.0K | $1.25M | 4% |
| Price per sq ft | $434 | $760 | 8% |
| Built year | 1948 | 1947 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 136 | 5% |
May 27, 2026
$649,000
Initial Listing
Oct 17, 2003
$379,000
Public Record
Feb 11, 1998
$135,000
Public Record