$5,150,000
2629 Lake Avenue, Altadena CA 91001
Multi-Family (16 Units)
Property type
43 days
On market
$407
Price per sqft
14 cars
Garage
1949
Year built
18,896 sqft
Lot size
Open Houses
Overview
15 OF 16 UNITS CURRENTLY VACANT AND RENT READY! We are pleased to present a rare investment opportunity in Altadena where the rebirth of the City has already begun. These two properties combined are 16 residential units with 15 vacant offering a fresh start slate for investors seeking immediate lease-up potential and long-term upside. The offering consists of two adjacent...
Listing provided by: Alexander Metaxas DRE #01784652 626-487-4300, Realty Investment Advisors, Inc., Benjamin J. Hsiang DRE #01438644 424-377-6001, Realty Investment Advisors, Inc.
Listing updated: Apr 29, 2026 at 07:16am.
Last checked: Jun 4, 2026 at 05:01pm
Source: CRMLS #26779707
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 2 | 1 | — | $2,595 | $0 | $2,595 | Unfurnished |
| 11 | 1 | 1 | — | $2,195 | $0 | $2,195 | Unfurnished |
| 1 | 1 | 1 | — | $1,925 | $1,925 | $2,195 | Unfurnished |
| 2 | 1 | 1 | — | $2,300 | $0 | $2,300 | Unfurnished |
# of Buildings: 3
# of Units Total: 16
Disposal: 16
Financial Snapshot
Gross Rent Multiplier
11.6x
List Price / Annual Gross Rent
Cap Rate
5.52%
NOI / List Price
Net Operating Income: $284,482
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Disposal
Exterior
Stories Total: 2
Levels: Multi Split
Garage and Parking
Parking: Converted Garage, Driveway
Garage Spaces: 14
Garage: Attached
Uncovered Spaces: 14
Parking Total: 28
Lot Information
Land Lease: No
Parcel #: 5841030003
Zoning: LCR3YY
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 2629 Lake Avenue, Altadena, CA 91001. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,120,000
Total Interest
$5,254,833
Total Payment
$9,374,833
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$31,556
per month
Property History for 2629 Lake Avenue
Altadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91001.
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