2629 Lake AV
Altadena, CA, 91001
$5,150,000
17 Beds
14 Baths
12,652 SqFt
0.43 Acres
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MLS #26779707 image #0
15 OF 16 UNITS CURRENTLY VACANT AND RENT READY! We are pleased to present a rare investment opportunity in Altadena where the rebirth of the City has already begun. These two properties combined are 16 residential units with 15 vacant offering a fresh start slate for investors seeking immediate lease-up potential and long-term upside. The offering consists of two adjacent parcels, a 14-unit apartment property and a separate Duplex property, providing operational flexibility, owner-user potential and eliminating the requirement for an on-site manager. The property has been fully remediated following the Eaton Fire, presenting a fresh start with renewed confidence in the asset’s condition. The properties benefit from new roofs within the past few years 14 INDIVIDUAL, ENCLOSED GARAGES, all of which are currently vacant offering further income potential or added tenant appeal in a competitive rental market. With strong fundamentals, minimal deferred maintenance, and significant lease-up opportunity, this Altadena property is ideally suited for investors looking to stabilize and maximize returns in what will be a premiere rental location. Two properties must be sold together because of shared driveway and lot configurations. Duplex address is 765 E. Pine St., Altadena, APN# 5841-030-005. Price includes both properties!

Property Details

Price:
$5,150,000
MLS #:
26779707
Status:
Active
Beds:
17
Baths:
14
Type:
Single Family
Neighborhood:
604altadena
Listed Date:
Apr 23, 2026
Finished Sq Ft:
12,652
Total Sq Ft:
12,652
Lot Size:
18,896 sqft / 0.43 acres (approx)
Year Built:
1949
604 – Altadena604altadena

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Schools

Interior

Appliances
GD
Cooling
WW
Heating
WL
Levels
S

Exterior

Attached Garage YN
1
Garage Spaces
14
Parking Spots
28
Parking Total
28

Financial

Gross Operating Income
$429,632
Net Operating Income
$284,482

Map

Community

Market Summary

Current real estate data for Single Family in Altadena as of Apr 27, 2026
107
Single Family Listed
66
Avg DOM
606
Avg $ / SqFt
$1,517,310
Avg List Price

Property Summary

    2629 Lake AV Altadena CA is a Single Family for sale in Altadena, CA, 91001. It is listed for $5,150,000 and features 17 beds, 14 baths, and has approximately 12,652 square feet of living space, and was originally constructed in 1949. The current price per square foot is $407. The average price per square foot for Single Family listings in Altadena is $606. The average listing price for Single Family in Altadena is $1,517,310.

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2629 Lake AV
Altadena, CA