$2,875,000
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Rare chance to own an exquisitely renovated, remodeled, modernized and reimagined 1924 seven-unit bungalow court tucked away in an amazing pocket of Altadena. Sited in a quiet neighborhood of mostly single family homes, this turn-key gem has received a comprehensive redo with nearly $700,000 invested in restoration and improvements. The property, dubbed the 'Sacramento Bungalows' is comprised of six 1-bed/1-bath units and one 2-bed/1-bath unit. Improvements include new and/or updated roofs, sewer line, landscaping, fencing, AC units, appliances, interior/exterior paint, kitchens & bathrooms and so much more. The updates were focused on attracting high quality tenants and to facilitate low maintenance operation for years to come. Tenants also benefit from washer/dryer hookups and off-street assigned parking in addition to an enclosed yard or outdoor space for each unit. Current gross rents are over $175,000 per year
Based on information from California Regional Multiple Listing Service, Inc. as of June 7th, 2024 at 7:50am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.