451 E Sacramento Street, Altadena, CA 91001

• 4,896 sqft

Property Description

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 savings. Assumable financing available at 5.25%, with five years of interest-only payments remaining.

Listing Status:

Active

Date Added:

June 23, 2025

Data Last Updated:

April 2, 2026 at 7:07AM

Listing Office:

Dover Management Corp. : 818-843-5200

Listing Agent:

Douglas Steinriede : 818-843-5200

MLS ID:

CL25556197

Interior

• Appliances: Dryer
• Laundry: DryerWasher
• A/C: Other
• Heating: Other

Exterior

• Parking: Other

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LCR15839016016

Financial

• Source: CRMLS