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

240 E Mendocino Street, Altadena, California 91001 home-pic-0
ACTIVE$540,000
240 E Mendocino Street, Altadena, California 91001
0Bed
0Bath
Sqft
10,157Lot
Year Built
1965
Close
-
List price
$540K
Original List price
$599K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
P1-22959
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $540.0K(3th), sqft - 0(7th), beds - undefined(12th), baths - undefined(12th).

Motivated seller! 240 E. Mendocino St. presents a remarkable opportunity to create your dream home in one of Altadena's most coveted and historic neighborhoods. Nestled away from the street, this peaceful and private lot once housed the carriage house for the iconic and still proudly standing Villa Carlotta, offering a unique connection to the area's rich architectural legacy. With the potential to also acquire the adjacent parcel at 238 E. Mendocino, the possibilities for development or a multi-generational estate are truly limitless. Surrounded by stunning and still intact multi-million-dollar homes, this location combines prestige, tranquility, and unmatched potential. Phase 2 environmental review has already been completed by the Army Corps of Engineers, paving the way for your vision to come to life. The lot once featured a charming 3-bed, 2-bath residence spanning 1,758 sq ft, and still offers a lush landscape of mature, blooming trees and untouched foliage - perfect for crafting a serene retreat. Conveniently located near Altadena's hiking trails, coffee shops, parks, and cultural landmarks, this property blends natural beauty, history, and lifestyle.

Price History

Date
Event
Price
08/06/25
$540,000
06/26/25
$599,000
Condition Rating
Tear down

The MLS description explicitly states that 'The lot once featured a charming 3-bed, 2-bath residence,' implying the structure is no longer present. The provided images confirm this, showing a completely cleared, vacant lot. Therefore, there is no existing home to assess for condition, kitchen, or bathroom features. The property's value is based solely on the land and its potential for redevelopment, which aligns with the 'tear-down' classification.
Pros & Cons

Pros

Prime Location & Prestige: Situated in one of Altadena's most coveted and historic neighborhoods, surrounded by multi-million-dollar homes, offering prestige and tranquility.
Exceptional Development Potential: Offers limitless possibilities for development, including the potential to acquire an adjacent parcel for a larger estate or multi-generational living.
Environmental Clearance Completed: Phase 2 environmental review by the Army Corps of Engineers is complete, significantly de-risking the development process for future construction.
Historical Significance & Charm: The lot once housed the carriage house for the iconic Villa Carlotta, providing a unique connection to the area's rich architectural legacy.
Natural Beauty & Privacy: A peaceful and private lot nestled away from the street, featuring lush mature trees, untouched foliage, and mountain views, ideal for a serene retreat.

Cons

Requires Full Construction: The property is a vacant lot (or effectively so, with the previous residence gone), necessitating a complete new build which involves significant time and effort.
Substantial Additional Investment: Beyond the purchase price, buyers must budget for architectural design, permits, construction costs, and landscaping, representing a considerable financial undertaking.
Motivated Seller Implication: While offering a potential deal, the 'motivated seller' status and recent price reduction could suggest a longer market time or challenges in attracting buyers, potentially indicating a perceived value gap.

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