- 4 Beds
- 3 Baths
- 2,622 Sqft
- .2 Acres
3103 Lincoln Avenue
Charming Altadena Triplex with Huge Development Potential A Smart Investor's Dream Opportunity Welcome to a rare find in the heart of Altadena, a well-maintained triplex nestled on an expansive 8,700+ sq. ft. lot with endless possibilities! With three current tenants on month-to-month leases paying under-market rents, this property offers immediate cash flow and a host of opportunities for savvy investors, developers, or even first-time homebuyers looking to capitalize on the robust Altadena real estate market. Property Highlights: Three units in great condition, providing a stable rental income stream. Month-to-month leases offer flexibility for immediate rent increases or renovations. Huge 8,700+ sq. ft. lot with development potential a dream canvas for creative investors. Covered carport with potential for ADU (Accessory Dwelling Unit) conversion, allowing for additional rental income or living space. Prime Altadena location, just minutes from shops, dining, parks, and easy access to Pasadena and Downtown Los Angeles. The Development Opportunity: The sheer size of this 8,700+ sq. ft. lot opens up a world of options for the astute investor. Zoned for multi-family use, the lots size, shape, and current layout are ideal for someone looking to expand, redevelop, or reimagine the property to maximize value. Investor Appeal Immediate Cash Flow with Long-Term Growth Potential With rents currently below market value, this property offers immediate upside potential. A simple rent increase to market rates could improve your cash flow considerably, even without making any major
Essential Information
- MLS® #IV24198983
- Price$1,499,999
- Bedrooms4
- Bathrooms3.00
- Full Baths3
- Square Footage2,622
- Acres0.20
- Year Built1955
- TypeResidential
- Sub-TypeAll Other Attached
- StatusACTIVE
Community Information
- Address3103 Lincoln Avenue
- AreaALTADENA (91001)
- CityAltadena
- CountyLos Angeles
- StateCA
- Zip Code91001
Amenities
- ViewNeighborhood
- PoolN/K
Interior
- CoolingOther/Remarks
- FireplaceYes
- FireplacesOther/Remarks
Exterior
- Lot DescriptionCurbs
Additional Information
- Date ListedSeptember 24th, 2024
- Days on Market47
- ZoningLCC2*
Listing Details
- OfficeRE/MAX TIME REALTY
RE/MAX TIME REALTY.
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Listing information last updated on November 21st, 2024 at 2:05pm PST.