Asking Price: $6,495,000

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, is close to popular local spots such as Homestate, Stumptown Coffee, Perry's Joint, and Loma Alta Park. The building has been meticulously updated, preserving its architectural charm while seamlessly blending historical elegance with modern conveniences. The unit mix consists of 13 studios, 2 one-bedroom/one-bath units, and 1 two-story one-bedroom/one-bath loft. Building features newer electrical and plumbing systems, Santa Barbara smooth coat stucco finish, and Milgard double-pane solid wood windows throughout. 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 systems, and subway-tiled bathrooms with clawfoot tubs. Residents enjoy designated parking spots, and every unit is individually metered for all utilities, including water. Spacious patio area outfitted with lounge chairs, Italian lighting and a bike rack, creating an inviting space for relaxing. This trophy building is the perfect addition to any portfolio.