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2629 Lake AvenueAltadena, CA 91001

For Sale

$5,150,000

Smart Buyer Rebate $51,500

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!

Listed by Alexander Metaxas

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License #01784652

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Realty Investment Advisors, Inc.

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6264874300

Listed by Benjamin J. Hsiang

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License #01438644

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Realty Investment Advisors, Inc.

Last updated April 29, 2026

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Source: CRMLS #26779707

Listing Facts

  • TypeMulti-family
  • NeighborhoodAltadena
  • Bedrooms17
  • Days on Prevu10
  • Size12,652 sqft
  • Price per sqft$407

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

04/21/2026
Listed by Realty Investment Advisors, Inc.
$5,150,000

Property Details for 2629 Lake Avenue

Exterior

Construction

  • Number Of Units Total: 16
  • Stories Total: 2
  • Year Built: 1949

Measurements

  • Building Area Total: 12,652
  • Lot Size Acres: 0.43
  • Lot Size Area: 18,896
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 18,896
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.52
  • Gross Income: $442,920.00

Taxes

  • Parcel Number: 5841030003

Interior

Features

  • Appliances: Disposal

Measurements

  • Living Area: 12,652
  • Living Area Source: Assessor

Rooms

  • Bathrooms Total Integer: 14
  • Bedrooms Total: 17

Parking

Parking

  • Attached Garage: Yes
  • Garage Spaces: 14
  • Garage: Yes
  • Open Parking Spaces: 14
  • Parking Features: Converted Garage, Driveway
  • Parking Total: 28

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Wall Furnace
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 17 bedrooms in this multi-family home at 2629 Lake Avenue.

Does this multi-family home have parking?

Yes, there are 14 parking spaces available for 2629 Lake Avenue.

How does 2629 Lake Avenue compare to other multi-family homes in Altadena?

This multi-family home is listed 233% above the average price for multi-family homes in Altadena and has been on the market for 43 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 12,652 sqft.

2629 Lake Avenue is a 17-bedroom multi-family home for sale in Altadena CA 91001. Listed on Prevu for 10 days at $5,150,000. This residence features 12,652 square feet of living space, located in Altadena. The median listing price for multi-family homes in this area is $1,465,000. Additional amenities include parking. Explore more multi-family home listings in Los Angeles County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.