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2629 Lake Avenue, Altadena, CA 91001

$5,150,000 Approx. USD 17 beds, 14 baths
12,652 sqft

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Photo of Iris Hirsch

Marketed By Iris Hirsch REALTOR® - Sales Associate 858-945-8198 m
858-259-6400 o
Lic#: 01324008
NRDS ID: 474004056
iris@irishirsch.com Del Mar Office
3790 Via De La Valle, Ste, 201
Del Mar, CA 92014
Phone: 858-259-6400
Fax: 858-481-1483

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Listing Agent

Alexander Metaxas | ametaxas@riacre.com
Lic#: 01784652
Broker: Courtesy of Realty Investment Advisors, Inc.
Phone: 6264874300

Co Listing Agent

Benjamin J. Hsiang | bhsiang@riacre.com
Lic#: 01438644
Broker: Courtesy of Realty Investment Advisors, Inc.
Phone: 424-377-6001

Agent Remarks

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 parcels, a 14-unit apartment property and a separate Duplex property, providing operational flexibility, owner-user potential and eliminating the requirement for an on-site manager. The property has been fully remediated following the Eaton Fire, presenting a fresh start with renewed confidence in the asset's condition. The properties benefit from new roofs within the past few years 14 INDIVIDUAL, ENCLOSED GARAGES, all of which are currently vacant offering further income potential or added tenant appeal in a competitive rental market. With strong fundamentals, minimal deferred maintenance, and significant lease-up opportunity, this Altadena property is ideally suited for investors looking to stabilize and maximize returns in what will be a premiere rental location. Two properties must be sold together because of shared driveway and lot configurations. Duplex address is 765 E. Pine St., Altadena, APN# 5841-030-005. Price includes both properties!

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26779707

Price: $5,150,000

Beds: 17

Baths: 14

Built in 1949

12,652 sqft

0.43 acres

Lot size: 0.4338

County: Los Angeles

Zoning: LCR3YY

Appliances: Disposal

Parking description: Converted Garage,Driveway

Heating/cooling: Wall/Window Unit(s)

Heating description: Wall Furnace

MLS area: 604 - Altadena

Last Updated: 4/29/2026

Days On Market (DOM): 87

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This listing belongs to the 604 - Altadena MLS area

Lat/Long: 34.191154, -118.131596.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Previous Listing

Photo of Iris Hirsch

Iris Hirsch REALTOR® - Sales Associate 858-945-8198 m
858-259-6400 o
Lic#: 01324008
NRDS ID: 474004056
iris@irishirsch.com
Del Mar Office
3790 Via De La Valle, Ste, 201
Del Mar, CA 92014