169 E Loma Alta Drive, Altadena, California 91001, Altadena, 91001 - bed, bath

169 E Loma Alta Drive, Altadena, California 91001 home-pic-0
ACTIVE$749,000
169 E Loma Alta Drive, Altadena, California 91001
0Bed
0Bath
Sqft
15,660Lot
Year Built
1956
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21015
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $749.0K(13th), sqft - 0(7th), beds - undefined(12th), baths - undefined(12th).

This expansive 15,660-square-foot lot in the highly sought-after Altadena community offers a chance to rebuild and create something new. Once home to a charming 1956 residence featuring four bedrooms and three bathrooms across 2,154 square feet, the property has been affected by the recent Eaton Fire. The seller was in the process of obtaining approval for an addition that would have expanded the home by 549 square feet. These plans are available to the buyer upon request, providing a potential head start on redevelopment. The property is being sold as-is, and the buyer is responsible for conducting their own due diligence regarding future building requirements. This includes consulting with LA County and any applicable agencies to address site clearance, hazardous material removal, and environmental remediation. Prior to the fire, the property had access to all utilities; however, the buyer must independently verify restoration requirements. The property was previously on a septic system, and the buyer will need to investigate potential sewer connection requirements. Please note: This is a drive-by only listing. Do not enter the property due to current safety protocols. This lot presents a fresh start in a beloved neighborhood, offering the chance to build anew in a wonderful Altadena setting.

Price History

Date
Event
Price
02/26/25
$749,000
Condition Rating
Tear down

The property, built in 1956, has been destroyed by the Eaton Fire, as explicitly stated in the description and confirmed by the images. The structure is unlivable and beyond repair, requiring demolition and new construction. The listing is for the land's potential for redevelopment.
Pros & Cons

Pros

Generous Lot Size: The expansive 15,660 sq ft lot provides ample space for a substantial custom-built residence and extensive outdoor amenities.
Desirable Altadena Location: Situated in a highly sought-after Altadena community, known for its charm and strong neighborhood appeal, promising long-term value.
Opportunity for Custom Build: The property, post-fire, offers a unique 'fresh start' to design and construct a modern home tailored to the buyer's exact specifications without demolition costs.
Existing Development Plans: Availability of the seller's prior expansion plans (549 sq ft addition) can provide a valuable head start and potentially streamline the redevelopment process.
Scenic Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and contributing to its overall desirability.

Cons

Extensive Redevelopment Required: The property was fire-damaged and is sold 'as-is,' necessitating significant investment in site clearance, hazardous material removal, and environmental remediation.
Complex Due Diligence: Buyers face a substantial burden of due diligence, including verifying utility restoration, investigating sewer connection, and navigating LA County building requirements.
Limited Property Access: The 'drive-by only' restriction prevents prospective buyers from conducting thorough on-site inspections, complicating assessment and planning for redevelopment.

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