678 E Pine Street, Altadena, California 91001, Altadena, 91001 - bed, bath

678 E Pine Street, Altadena, California 91001 home-pic-0
ACTIVE$850,000
678 E Pine Street, Altadena, California 91001
0Bed
0Bath
792Sqft
10,282Lot
Year Built
1905
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$1,073
HOA
-
Days on market
-
Sold On
-
MLS number
AR25051580
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 19% below the list price. We found 2 Cons,3 Pros. Rank: price - $850.0K(22th), sqft - 792(10th), beds - undefined(12th), baths - undefined(12th).

RARE DEVELOPMENT OPPORTUNITY…………. SIDE BY SIDE R-3 zoned lots for sale………… Located north of Altadena Drive, this neighborhood is highly desirable and has the ability to build multi-family units. This lot is currently zoned R-3 and located in a small north Altadena pocket that currently offers multi-family housing. This lot housed a single-family residence prior to being completely burned down in the January 2025 Eaton Fire. This lot is being sold “AS IS”. The current owner opted into both phase 1 and phase 2 (debris removal) with the Army Corp. of Engineers. Phase 1 has been completed but phase 2 has not yet been done. All information provided is from third parties, and the agent cannot and will not verify its accuracy. Buyers are responsible for conducting their own investigations to satisfy themselves regarding all aspects of the property, including future development, lot size, neighborhood designation, school zoning, permitted uses development potential, rebuilding requirements, and taxes. The seller and listing broker make no warranties or guarantees regarding future land use or approvals. This is a burn site and due to liability reasons, we ask that you DO NOT WALK ON THE PROPERTY. PLEASE NOTE: The lot next door, 686 E. Pine St. (APN# 5841-031-020 and MLS#AR25053777), is also available for sale and is also zoned R-3. This could offer a potential multi-family development opportunity with side-by-side R-3 lots. The lot next door is also for sale and owners of both properties would prefer to sell the lots together.

Condition Rating
Tear down

The property was built in 1905 and burned down in January 2025. The listing explicitly states it is a burn site and being sold 'AS IS'. The images confirm the complete destruction of the single-family residence. Therefore, the property is unlivable and requires demolition.
Pros & Cons

Pros

Development Opportunity: R-3 zoning allows for multi-family development, presenting a significant opportunity for builders and investors.
Desirable Location: Located in a highly desirable north Altadena neighborhood, known for its multi-family housing options.
Potential for Combined Development: Adjacent R-3 zoned lot is also for sale, offering the potential for a larger, more comprehensive development project.

Cons

Burn Site: The property is a burn site from a recent fire, requiring debris removal and potential remediation.
As-Is Condition: Sold 'AS IS', meaning buyers are responsible for all investigations, repairs, and potential rebuilding costs.

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