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Listed by Khanh Oberley • Douglas Elliman of CA, Inc.
$625,000
Est. payment /mo
6,036 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF-26231440
Lot Size 6,036 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Vacant corner lot two blocks from historic Christmas Tree Lane in one of Altadena's most sought-after neighborhoods. The site was previously improved with a two-story Spanish-style triplex had three distinct addresses (2040, 2042, and 2044 El Molino Avenue) and a 3-car garage, so multi-unit use has established precedent.
In the original layout, the ground floor held two units, a one-bedroom and a two-bedroom, each with its own living room, dining room, kitchen, and bath, and one with private patio space. The upper level was a three-bedroom, two-bath unit with its own living and dining rooms, a covered front porch, and views of the San Gabriel Mountains. Each unit had its own garage, and the grounds included private outdoor areas and a shared rose garden.
With two street frontages, the lot gives flexibility in access, orientation, and layout. Developers can pursue a new multi-unit project. End users can build a home with rental income or a multigenerational property with separate living spaces. Investors can choose between a custom single-family residence for resale or a multi-unit build for long-term income
In the original layout, the ground floor held two units, a one-bedroom and a two-bedroom, each with its own living room, dining room, kitchen, and bath, and one with private patio space. The upper level was a three-bedroom, two-bath unit with its own living and dining rooms, a covered front porch, and views of the San Gabriel Mountains. Each unit had its own garage, and the grounds included private outdoor areas and a shared rose garden.
With two street frontages, the lot gives flexibility in access, orientation, and layout. Developers can pursue a new multi-unit project. End users can build a home with rental income or a multigenerational property with separate living spaces. Investors can choose between a custom single-family residence for resale or a multi-unit build for long-term income
Location
State CA
County Los Angeles
Area 604 - Altadena
Exterior
Community Features Suburban
View Y/N Yes
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900