238 E Mendocino Street, Altadena, California 91001, Altadena, 91001 - bed, bath

238 E Mendocino Street, Altadena, California 91001 home-pic-0
ACTIVE$549,000
238 E Mendocino Street, Altadena, California 91001
0Bed
0Bath
Sqft
9,940Lot
Year Built
1965
Close
-
List price
$549K
Original List price
$599K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
P1-22955
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $549.0K(3th), sqft - 0(7th), beds - undefined(12th), baths - undefined(12th).

Welcome to 238 E. Mendocino St., a rare and enchanting opportunity to own a piece of Altadena's storied past. Tucked behind the iconic Villa Carlotta estate, which still stands, this 9,900 sq ft lot once served as the site of the villa's original carriage house, evoking a dreamy historical elegance and timeless appeal. Accessed via a private, tree-lined motor court, the property provides exceptional privacy and serenity, surrounded by lush foliage and neighboring multi-million dollar estates, many of which are still intact. Whether you're looking to build your dream home or create a private retreat, the possibilities here are endless. With the added option to purchase the adjacent lot at 240 E. Mendocino, a truly expansive estate can be realized. Phase 2 environmental review has already been completed by the Army Corps of Engineers, paving the way for your vision to come to life. Previously, this lot was home to a charming 3-bed, 2-bath residence spanning 1,758 sq ft, showcasing the potential that awaits. Ideally located near Altadena's scenic hiking trails, parks, shops, and schools, this lot combines private, tranquil living with convenient access to all the community has to offer.

Price History

Date
Event
Price
08/12/25
Price Change
$549,000-8.3%
06/26/25
$599,000
Condition Rating
Tear down

The MLS listing and accompanying images clearly indicate that this property is a vacant lot. The description states, 'Previously, this lot was home to a charming 3-bed, 2-bath residence,' implying the structure has been removed, and the images confirm an empty, cleared parcel of land. Since there is no existing residential structure, there are no kitchens, bathrooms, appliances, flooring, or other interior components to assess for condition. The property's value is based solely on the land and its potential for redevelopment, which aligns perfectly with the 'tear-down' criteria, as there is no livable structure present.
Pros & Cons

Pros

Prime Location & Exclusivity: Nestled behind the iconic Villa Carlotta estate, this property offers exceptional privacy via a tree-lined motor court and is surrounded by multi-million dollar estates, combining historical charm with an upscale neighborhood.
Significant Development Potential: As a 9,900 sq ft lot, it's a blank canvas for building a dream home or private retreat, with proven buildability (previously hosted a 3-bed, 2-bath residence).
Expansion Opportunity: The option to purchase the adjacent lot at 240 E. Mendocino allows for the creation of a truly expansive estate, offering unique long-term potential.
Due Diligence Completed: A Phase 2 environmental review by the Army Corps of Engineers has already been completed, significantly de-risking the development process for a prospective buyer.
Desirable Lifestyle & Views: The property boasts exceptional privacy and serenity amidst lush foliage, offers mountain views, and is conveniently located near Altadena's scenic hiking trails, parks, shops, and schools.

Cons

Requires Substantial Additional Investment: As a vacant lot, the purchase price is only the initial investment; significant additional capital and time are required for construction of a new home.
No Immediate Habitation or Income: The property offers no immediate living space or rental income potential, requiring a buyer to undertake a lengthy building process before occupancy or return on investment.
Niche Buyer Pool: The combination of a premium lot price and the necessity for a custom build limits the target market to a specific segment of buyers with substantial financial resources and a desire for a bespoke residence.

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