451 E Sacramento Street, Altadena, CA 91001

Altadena
Local realty services provided by:ERA Excel Realty
451 E Sacramento Street,Altadena, CA 91001
$5,000,000
  • 8 Beds
  • 8 Baths
  • 4,896 sq. ft.
  • Multi-family
  • Active
Listed by: douglas steinriede
Office: dover management corp.
MLS#:25556197
Source:CRMLS

Price summary

  • Price:$5,000,000
  • Price per sq. ft.:$1,021.24

About this home

This unique community features eight (8) charming 1-bedroom, 1-bath + den Spanish-style bungalows arranged around a serene courtyard on a spacious lot. Nestled on a quiet street just half a block from the iconic Christmas Tree Lane, the property is surrounded by mature trees and expansive grassy areas, creating a peaceful and inviting atmosphere. Over $540,000 has been invested in capital improvements, including upgrades to plumbing, roofing, and electrical systems all already completed. New ownership can subdivide the lot into three (3) separate parcels, allowing the opportunity to build eight (8) new ADUs across the site. These additions have the potential to generate approximately $386,400 in annual rental income. Upon ADU completion, the property can be stabilized at a 12.53% cap rate with a 6.71 GRM. Resident utility billing (RUBS) has been implemented to reduce operational costs, and the property is eligible for Mills Act designation, offering substantial potential property tax

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Home facts

  • Year built:1924
  • Listing ID #:25556197
  • Added:888 day(s) ago
  • Updated:March 06, 2026 at 11:42 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Kitchen Description:Refrigerator
  • Living area:4,896 sq. ft.

Heating and cooling

  • Cooling:Dual
  • Heating:Combination

Structure and exterior

  • Year built:1924
  • Building area:4,896 sq. ft.
  • Lot area:0.74 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$5,000,000
  • Price per sq. ft.:$1,021.24

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer
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