451 Sacramento

Altadena, CA, 91001
For Sale $5,000,000
  • 8beds
  • 4,896sqft
  • 0.74acre
Listing agent:
Douglas Steinriede
License #00284936
Dover Management Corp.
This unique community features eight (8) charming 1-bedroom, 1-bath + den Spanish-style bungalows arranged around a serene courtyard on a spacious lot. Nestled on a quiet street just half a block from the iconic Christmas Tree Lane, the property is surrounded by mature trees and expansive grassy areas, creating a peaceful and inviting atmosphere. Over $540,000 has been invested in capital improvements, including upgrades to plumbing, roofing, and electrical systems all already completed. New ownership can subdivide the lot into three (3) separate parcels, allowing the opportunity to build eight (8) new ADUs across the site. These additions have the potential to generate approximately $386,400 in annual rental income. Upon ADU completion, the property can be stabilized at a 12.53% cap rate with a 6.71 GRM. Resident utility billing (RUBS) has been implemented to reduce operational costs, and the property is eligible for Mills Act designation, offering substantial potential property tax savings. Assumable financing available at 5.25%, with five years of interest-only payments remaining.

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451 Sacramento is a Residential Income property located in Altadena, California, featuring a 0.741 acre lot, 4,896 sqft, 8 bedrooms, MLS #25556197.

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Data last modified: 2025-07-01 12:55:15