Property Details: This investment opportunity comprises two parcels of land totaling 24,744 square feet. The current development on these parcels includes: Parcel 1: A 9-unit apartment complex featuring a mix of 6 one-bedroom and 3 two-bedroom units. Additionally, this parcel boasts three 2-car garages and on-site laundry facilities. Parcel 2: Positioned to the north, this parcel includes a single-family residence at the rear of the property with a detached garage conversion. Notably, the front portion of this parcel offers ample parking space for up to 18 vehicles and a site for development. Opportunity 1: Expansion and Conversion: The prospective investor can explore the possibility of adding additional units to the parking area. Additionally, there exists the potential to convert the current garages into income-generating units, thereby maximizing the revenue potential of the property. Opportunity 2-A new development of low income housing for Senior citizens or… Alternatively, investors may opt to embark on a new development project encompassing both parcels. This comprehensive approach allows for the creation of a fresh, integrated development plan spanning across the entire property. Importantly, rental income from the existing structures can be sustained throughout the planning and entitlement phase of the new development, ensuring financial stability and flexibility.
Property Details
Property Features
Property Information:
Year Built: 1940
Stories: 2
Listing Office:
Office Name: Sotheby's International Realty
Office Phone: (626) 688-9890
Listing Agent: John Fredrickson
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 22 spaces
Parking: Assigned
Lot Features
Lot Information:
Lot: Near Public Transit
Lot Size: 0.57 Acres
School Info
Assigned Schools Information:
John Muir High School, Public District Grades 9-12
Marshall Fundamental, Public District Grades 6-12
Charles W. Eliot Middle School, Public District Grades 6-8
Altadena Elementary School, Public District Grades KG-5
Norma Coombs Alternative, Public District Grades KG-5
Don Benito Fundamental, Public District Grades KG-5
Other
Directions Information:
Directions: Between New York and Mendocino
Price Information
Listing Price Info
Price Summary:
List Price: $3,750,000
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Housing Market Comparison
See how this home compares to others in Altadena, CA.
This property is $2.3M more than the Median Sold Price in Altadena, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PF24148851
Listing Office:
Office Name: Sotheby's International Realty
Office Phone: (626) 688-9890
Listing Agent: John Fredrickson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 9/18/2024, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Altadena Elementary School
743 E Calaveras St
Distance between this listing and this school1.33 miles
Public District Grades KG-5
6
/10
Norma Coombs Alternative
2600 Paloma St
Distance between this listing and this school3.69 miles
Public District Grades KG-5
6
/10
Don Benito Fundamental
3700 Denair St
Distance between this listing and this school4.08 miles
Public District Grades KG-5
Middle School
4
/10
Charles W. Eliot Middle School
2184 Lake Ave
Distance between this listing and this school1.42 miles
Public District Grades 6-8
High School
4
/10
John Muir High School
1905 Lincoln Ave
Distance between this listing and this school2.45 miles
Public District Grades 9-12
6
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school2.99 miles
Public District Grades 6-12
Assigned Schools
4
/10
Altadena Elementary School
743 E Calaveras St
Distance between this listing and this school1.33 miles
Public District Grades KG-5
6
/10
Norma Coombs Alternative
2600 Paloma St
Distance between this listing and this school3.69 miles
Public District Grades KG-5
6
/10
Don Benito Fundamental
3700 Denair St
Distance between this listing and this school4.08 miles
Public District Grades KG-5
Assigned Schools
4
/10
Charles W. Eliot Middle School
2184 Lake Ave
Distance between this listing and this school1.42 miles
Public District Grades 6-8
Nearby Schools
8
/10
Odyssey Charter
725 W Altadena Dr
Distance between this listing and this school1.77 miles
Public Charter Grades KG-8
4
/10
Washington Middle School
1505 N Marengo Ave
Distance between this listing and this school2.43 miles
Public District Grades 6-8
Assigned Schools
4
/10
John Muir High School
1905 Lincoln Ave
Distance between this listing and this school2.45 miles
Public District Grades 9-12
6
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school2.99 miles
Public District Grades 6-12
Nearby Schools
5
/10
Aveson Global Leadership Academy
575 W Altadena Dr
Distance between this listing and this school1.61 miles
The neighbors living near this home have an average income of $94,975. The most common annual income of people living in Altadena, CA is between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 20582068 N Lake Ave
What is the listing price of this property?
The listing price of 20582068 N Lake Ave property is $3,750,000.
What type of property is this?
The property 20582068 N Lake Ave is a condo located in Altadena, California, 91001.
Is this property for sale now?
Active Listing: 20582068 N Lake Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 20582068 N Lake Ave are: Altadena Elementary School: GreatSchools Rating 4/10Norma Coombs Alternative: GreatSchools Rating 6/10Don Benito Fundamental: GreatSchools Rating 6/10Charles W. Eliot Middle School: GreatSchools Rating 4/10John Muir High School: GreatSchools Rating 4/10Marshall Fundamental: GreatSchools Rating 6/10
Which year was this property built?
The year of construction for 20582068 N Lake Ave is 1940.
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This home is located at 20582068 N Lake Ave in Altadena, CA and zip code 91001 in the The Verdugos neighborhood. This home, which was built in 1940, sits on a 0.57 acre lot. It has been listed on Rocket Homes since July 19, 2024 and is currently priced at $3,750,000.
Altadena, CA housing market in August 2024 saw over 15 listings sold above listed price, more than 4 sold at listed price and over 9 sold below. The number of listings in Altadena, CA decreased by 2.4% between July 2024 and August 2024. While the average time on the market in August 2024 was 21 days, the median list price was $1,400,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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