Shopping Cart

You have no items in your shopping cart.

Property Detail

El Sereno Avenue
Rare investment opportunity to own a non-conforming 16-unit building with 13 studios .
$6,495,000
Manufacturer: https://nourmand.com/

Description

  • Rare investment opportunity to own a non-conforming 16-unit building with 13 studios, two one-bed units, and a unique two-story loft.
  •  
  • Restored 1923 Spanish architecture building with new electrical, plumbing, foundation, Milgard double-pane windows, and Santa Barbara smooth stucco.
  •  
  • White oak flooring, solid wood cabinets, in-unit washer/dryer, tankless water heater, mini-split HVAC system, and renovated bath in each unit.
  • Tenants enjoy modern community amenities like gated, designated parking, a shared patio with Italian lighting, and bike storage.
  •  
  • Indulge in the Altadena experience of living in a residential neighborhood, a short drive from shops, restaurants, Loma Alta Park, and Eaton Canyon.
  •  
  • 2191 El Sereno Avenue is convenient to the 210 Freeway that grants access to many Southern California communities and beyond.

Executive Summary

2191 El Sereno Avenue is a rare opportunity to acquire a fully remodeled, two-story, 16-unit apartment building in the highly desirable neighborhood of Altadena. This gated property, originally built in 1923, has been meticulously updated, preserving its architectural charm while seamlessly blending historic elegance with modern conveniences.

The unit mix comprises 13 studios, two one-bedroom/one-bath units, and a two-story one-bedroom/one-bath loft. The building features newer electrical and plumbing systems, a Santa Barbara smooth coat stucco finish, and Milgard double-pane solid wood windows. Each unit boasts white oak floors, solid wood kitchen cabinets, walk-in closets, fire-rated front doors, in-unit laundry, tankless water heaters, mini-split HVAC systems, and subway-tiled bathrooms with clawfoot tubs. Residents enjoy designated parking spots, and every unit is individually metered for all utilities, including water. A spacious patio area outfitted with lounge chairs, Italian lighting, and a bike rack creates an inviting space for relaxing.

Nestled at the foothills of the San Gabriel Mountains, this attractive multifamily asset is in a sought-after Altadena location. 2191 El Sereno Avenue is close to popular local spots such as Homestate, Stumptown Coffee, Perry's Joint, and Loma Alta Park. The 210 freeway is a mile away for residents traveling into the neighboring communities of Pasadena, Glendale, and Downtown Los Angeles. Altadena’s blend of natural beauty and proximity to the mountains and the city, in addition to the property's charm, makes this trophy asset the perfect addition to any portfolio.

2191 El Sereno Ave

Listing ID : 00877

SKU: 877

Property Enquiry Form

Please fill the form below to know more about the property

Price History

DateEventPrice
December 13 2024Listed$6,495,000.00