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75
Photos
3103 Lincoln Avenue, Altadena, CA 91001
$1,499,999 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
3
baths
2,622
sqft
Built in
1955
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
Features & Amenities
Interior
- Laundry:
- Other/Remarks
- A/C:
- Other/Remarks
- Fireplace:
- Other/Remarks
Exterior
- Pool:
- None
- Parking:
- Parking spaces: 0
Construction
- General:
- Split Level
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- California Regional MLS
- County:
- Los Angeles
Lot
- Zoning:
- LCC2*, 5829005047
- View:
- Neighborhood
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- California Regional MLS
This listing courtesy of:
RE/MAX TIME REALTY, ROBERT WATKINS
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Altadena, CA
Housing
- Number of Units
- 12,584
- Median Home Value
- $836,615
- Median Rent
- $1,646
24.08% of housing units are renter occupied.
4.07% are vacant.
Commute
- Car
-
62.03%
- Public Transportation
-
3.61%
- Walk to Work
-
1.98%
- Work from Home
-
30.87%
- Other
-
0.83%
The median travel time to work is 22 minutes.
People
- Population
- 34,802
- Median Age
- 44.50
- Median Household Size
- 2.99
Education
- High School
-
14.86%
- Associate’s Degree
-
8.64%
- Bachelor’s Degree
-
23.24%
- Graduate Degree
-
23.66%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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