Skip to main content

Millman Team Real Estate

$5,150,000
17 Bed
14 Bath
12,652 Sqft
0.43 Acre Lot

2629 Lake Avenue, Altadena, California 91001

  • Residential Income Property Type
  • 12,652 Sqft Square Footage
  • Driveway Cars Garage
  • 1949 Year Built
Property Description

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!

Basic Details
Residential Income
For Sale
26779707
$5,150,000
17
14
12,652 Sqft
1949
0.43 Acre
Active
Features
: Wall Furnace
: Wall/Window Unit(s)
: Driveway, Converted Garage
$0
Appliances
: Disposal
Address Map
CA
Los Angeles
Altadena
91001
Lake
2629
Avenue
W119° 52' 6.3''
N34° 11' 28.2''
North on Lake Ave, located on West side of street corner of Lake and Pine St.
604 - Altadena
LCR3YY
Additional Information
$0
$0
$0
$0
$0
1
12652
14.0
: Multi/Split
16
2026-04-21
2
Broker/Agent Information
Realty Investment Advisors, Inc.
Alexander Metaxas
Listing Information
Benjamin J. Hsiang
CLW-X81016
CLW-X82128
Realty Investment Advisors, Inc.
CLW-C106183
CLW-X82128
Active
2026-04-29T07:16:45Z
CRMLS
: Standard
2026-04-21T00:00:00Z
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us