16 E Altadena

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16 E Altadena

Altadena, CA 91001
Asking Price
$600K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The site consists of 0.152 acres of developable land.
  • This property is listed for sale at 600000 dollars.
  • The land is situated at 16 E Altadena in California.
  • Altadena benefits from its close proximity to Pasadena.
  • The asset location is well suited for residential development.

What's Special

This land parcel is currently for sale, providing a strategic option for investors or developers seeking a foothold in the Altadena submarket. Spanning 0.152 acres, the site is positioned within a well-established community in the Los Angeles metropolitan area. Altadena remains a desirable residential and professional destination due to its proximity to the San Gabriel Mountains and convenient access to the urban core of Pasadena. The scale and location of this property make it suitable for a variety of development initiatives, ranging from residential projects to other ventures aligned with local land use regulations. Prospective buyers can leverage the site's accessibility and the region's steady demand for improved land to execute their specific project goals. This offering represents a straightforward acquisition for those looking to expand their portfolio or initiate construction in an area characterized by its natural surroundings and proximity to major regional transit corridors.

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NOI
$80,000
Cap Rate
13.33%
DSCR
2.25
Strong
Cash-on-Cash
24.65%
Monthly Payment
$2,968.473
Annual Cash Flow
$44,378.328

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