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Home For Sale

Picture of Home For Sale in Altadena, California, United States

$1,685,000

287-291 Woodbury Rd
Altadena, California, United States

10bd 5ba

Listed By: Realtyww Info

Listed On: 06/14/2023

Listing ID: GL10086033 View More Details

Description

Lowest price per square foot in the area. 5 unit investment property in the City of Altadena. Constructed in 1960, boasting 3 separate buildings totaling 4, 252 square feet and on a large 11, 255 square foot double lot. The 5 units are 100% 2 bedroom and 1 bathroom with private yard and single car garage. Major capital improvements in 2021 include a new roof, new asphalt throughout entire property and complete new exterior facia and paint. Each of the 5 units are serviced by separate water heaters, gas and electric meters. In addition, the units have back door access to their private yard adding tremendous property value. A cap rate of 4.5% and pro forma cap rate of over 7%. The potential ADU gives additional upside to this investment opportunity.

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Listed by: Goldstone Group
Source: The World Property Journal

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