3103 Lincoln Avenue Active

Altadena,CA 91001

$ 1499999

4 Beds

3 Baths

2622 SqFt


Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,622 sqft

Price per Sqft $572

MLS Listing ID CRIV24246230

Bedrooms 4

Full Baths 3

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1955

Lot Size 8,767 Sqft

Property 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 reim

Location

State CA

County Los Angeles

Interior

Cooling See Remarks

Fireplaces Type See Remarks

Fireplace Yes

Laundry See Remarks

Exterior

Pool None

View Other

Private Pool false

Building

Lot Description Irregular Lot

Water Public

Schools

School District Pasadena Unified

View More
Favorite Go Tour