2191 El Sereno Avenue

Altadena, CA 91001

$6,495,000
Price
16
Beds
16
Baths
7,280 Sq. Ft.
$892 / Sq. Ft.
7,280
Sq. Ft.
$892
per Sq. Ft.

Description

A rare opportunity to acquire a fully remodeled, two-story, 16-unit apartment building in the highly desirable neighborhood of Altadena. This gated property, originally built in 1923, is close to popular local spots such as Homestate, Stumptown Coffee, Perry's Joint, and Loma Alta Park. The building has been meticulously updated, preserving its architectural charm while seamlessly blending historical elegance with modern conveniences. The unit mix consists of 13 studios, 2 one-bedroom/one-bath units,...A rare opportunity to acquire a fully remodeled, two-story, 16-unit apartment building in the highly desirable neighborhood of Altadena. This gated property, originally built in 1923, is close to popular local spots such as Homestate, Stumptown Coffee, Perry's Joint, and Loma Alta Park. The building has been meticulously updated, preserving its architectural charm while seamlessly blending historical elegance with modern conveniences. The unit mix consists of 13 studios, 2 one-bedroom/one-bath units, and 1 two-story one-bedroom/one-bath loft. Building features newer electrical and plumbing systems, Santa Barbara smooth coat stucco finish, and Milgard double-pane solid wood windows throughout. Each unit boasts white oak floors, solid wood kitchen cabinets, walk-in closets, fire-rated front doors, in-unit laundry, tankless water heaters, mini-split systems, and subway-tiled bathrooms with clawfoot tubs. Residents enjoy designated parking spots, and every unit is individually metered for all utilities, including water. Spacious patio area outfitted with lounge chairs, Italian lighting and a bike rack, creating an inviting space for relaxing. This trophy building is the perfect addition to any portfolio.
  1. Listed by Lotoya Bailey • DRE #01963044 • Brokerage DRE #01703618 • Nourmand & Associates-HW
  2. Listed by Sonya Coke • DRE #01277084 • Brokerage DRE #01703618 • Nourmand & Associates-HW

Property Details for 2191 El Sereno Avenue

Zoning
LCR175
Style
Spanish
Parcel Number
5835020011
Total Units
16.0
Living Area
7280
Source Living Area
Vendor Enhanced
Area
Altadena (604)
Vacancy Rate
0
LISTING UPDATED: 11/01/2024 12:01 AM

Property Details for 2191 El Sereno Avenue

StatusActive
MLS #24-455659
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.37 AC / 15,914 SF
CountyLos Angeles County

Building

2191 El Sereno Ave

16 Units2 StoriesBuilt in 1923

Building Information for 2191 El Sereno Avenue

Stories2Residences16Year Built1923Building Size-Lot Size0.37 AC / 15,914 SF

Property Information for 2191 El Sereno Avenue

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1BD/Studio
  • View: Yes
  • View Description: Mountains
  • View: Mountain(s)
  • Security Features: Automatic Gate, Exterior Security Lights, Fire and Smoke Detection System, Gated, Resident Manager, Smoke Detector, Card/Code Access
  • Property Condition: New Construction
  • Water: In Street
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: Rent Control, LA/Owner Related, Owner Has R.E. License, Owner Is Listing Agent
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $343,920
  • Net Operating Income: $302,920.00
  • Gross Income: $343,920
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $18.00
  • Total Annual Expense: 41000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3653
  • Lot Size Square Feet: 15914
Parking Details
Parking Details
  • Parking Garage: Assigned, Controlled Entrance
  • Total Parking: 16
  • Parking Features: Assigned, Controlled Entrance
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Electric
  • Cooling Type: Air Conditioning, Electric
  • Heating: Electric, Forced Air
  • Heating Type: Electric, Forced Air
  • Flooring: Hardwood, Tile
  • Equipment: Dryer, Garbage Disposal, Washer, Refrigerator, Range/Oven
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Windows: Double Pane Windows, Skylights
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-24-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $23,400.00
  • Unit Projected Rent: $25,000.00
  • Like Units: 13
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $6,300.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $915,054.00
  • Assessed Improvement Percent: 44.57
  • Assessed Land Value: $1,137,827.00
  • Assessed Land Percent: 55.43
  • Assessed Total Value: $2,052,881.00

Property History for 2191 El Sereno Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2191 El Sereno Avenue

Taxable ValueLand$1,160,583Additions$948,455Total$2,109,038
Tax Record2024$29,837 ($2,486 / month)
Home Facts
Total Finished SqFt7,524 SqFtAbove Grade Finished SqFt7,524 SqFtLot Size15,909 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLCR175CountyLOS ANGELESAPN5835-020-011

Schools near 2191 El Sereno Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 7 to 12
Rating
School
Distance
Jackson Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Learning Works School
Charter7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2191 El Sereno Avenue is a multi-family home for sale in Altadena, CA 91001. This property was listed for sale on October 24, 2024 by Nourmand & Associates-HW, it's currently listed at $6,495,000. It has been on the market for a total of 41 days and was last sold on January 8, 2016. This listing's school district is Pasadena Unified School District. Nearby schools include Jackson Elementary School, Octavia E. Butler Magnet School and John Muir High School. 2191 El Sereno Avenue is a 16-bed, 16-bath, 7,280 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nourmand & Associates-HW, Lotoya Bailey, DRE #01963044; Nourmand & Associates-HW, Sonya Coke, DRE #01277084

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.