3103 Lincoln Avenue

Altadena, CA 91001

  • 4 Bed(s)
  • 3 Bath(s)
  • 2,622 Sqft
  • 8767
    Sqft(Lot)
$1,499,999

Description

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 lot’s 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 changes. however, if you're the type of investor looking to maximize returns, this property could be a goldmine with strategic upgrades or redevelopment.



whether you're looking for a value-add opportunity, a place to call home while benefiting from rental income, or a development project with significant upside, this triplex checks all the boxes.



the time to act is now! schedule a viewing to see this fantastic property and review the numbers with us. properties offering this level of flexibility and growth potential are a rarity in altadena. whether you’re a seasoned investor looking for your next project or a first-time buyer hoping to live in one unit while benefiting from rental income, this triplex is a must-see.

  • Property Type

    Residential

  • County

    Los Angeles

  • Style

    Residential

  • AD ID

    47969912

Sell a home like this and save $89,501 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Bedroom Information

    • Total Bedrooms : 4

    Bathroom Information

    • Total Baths: 3
    • Full Baths: 3

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: See Remarks

    Cooling Features

    • See Remarks
    • Air Conditioning

    Fireplace

    • Fireplace Features: See Remarks
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1955

    Pool Features

    • None

    Laundry Features

    • See Remarks

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2013
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 8767

  • Listing Price Information

    • Original List Price: 1,499,999
    • Listing Contract Date: 2024-12-06

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5829005047

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Postal Code Plus 4: 4139
    • Directions: 3103 Lincoln Ave, Altadena, CA 91001
    • Zoning: LCC2*
    • Source Property Type: Residential
    • Area: 699 - Not Defined
    • Property SubType: Triplex

    Building and Construction

    • Property Age: 69
    • Common Walls: 1 Common Wall,End Unit
    • Structure Type: Triplex
    • Year Built Source: Assessor
    • Total Square Feet Living: 2622
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Multi/Split
    • Structure Type: Triplex
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 12/22/2024 @ 03:36

  • MLS: IV24246230
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 4 bedrooms which is for sale, it has 2,622 sqft, 8,767 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Altadena , in zip code 91001, this Los Angeles County Home are nearby neighborhoods.