$2,188,000
2835 Casitas Avenue, Altadena CA 91001
Multi-Family (Fourplex)
Property type
19 days
On market
$514
Price per sqft
0 cars
Garage
1948
Year built
11,783 sqft
Lot size
Home highlights
Open Houses
Overview
Rare 4-unit multifamily property located in Altadena, CA walking distance to JPL. Property qualifies for residential financing. Excellent opportunity for an owner-occupant to live in one unit and rent out the others, accommodate extended family living, or operate as a pure investment property. Situated on a large 11,853 SF rectangular lot, the property features a diverse unit...
Listing provided by: Donald La DRE #01928418, EXP REALTY
Listing updated: May 29, 2026 at 01:21pm.
Last checked: Jun 14, 2026 at 10:30am
Source: CRMLS #AR26115668
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $3,500 | $3,500 | $3,800 | Unfurnished |
| 1 | 2 | 2 | — | $0 | $0 | $3,300 | Unfurnished |
| 1 | 1 | 1 | — | $0 | $0 | $2,400 | Unfurnished |
| 1 | 3 | 3 | — | $4,250 | $4,250 | $4,700 | Unfurnished |
# of Buildings: 4
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
12.8x
List Price / Annual Gross Rent
Cap Rate
6.15%
NOI / List Price
Gross Scheduled Income: $170,400
Operating Expense: $35,943
Net Operating Income: $134,457
Annual Operating Expenses
Electric: $0
Fuel: $2,527
Insurance: $5,443
Trash: $650
Water / Sewer: $1,383
Interior
Cooling: Central Air, High Efficiency
Heating: Combination
Fireplace: None
Laundry: Laundry Room
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Common Walls: No Common Walls
Lot Features: Two To Five Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5823019031
Additional Parcels: No
Tax Lot: 51
Community
Senior Community: No
Community Features: Biking, Hiking