260 262 Acacia Street, Altadena, California 91001, Altadena, 91001 - bed, bath

260 262 Acacia Street, Altadena, California 91001 home-pic-0
ACTIVE$1,398,000
260 262 Acacia Street, Altadena, California 91001
0Bed
0Bath
2,067Sqft
10,909Lot
Year Built
1947
Close
-
List price
$1.4M
Original List price
$1.5M
Price/Sqft
$676
HOA
-
Days on market
-
Sold On
-
MLS number
P1-22605
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(50th), sqft - 2067(50th), beds - undefined(50th), baths - undefined(50th).

Two completely detached homes (approx 867 sq.ft.+ 1,200sq.ft.) with private yards, central air and their own 2-car garages on a palatial approximately 11,000 sq.ft. lot, constitutes one of Altadena's best opportunities! Recently painted exteriors reflect an old world charm coupled with modern amenities provide an opportunity for both investor or owner/user. 260 Acacia, the front house, recently went through an extensive renovation including new open concept kitchen with quartz counters, waterfall island and stainless appliances. Incredibly spacious bath boasts a rain shower, decorative tiles and frameless glass shower. Other features include wood flooring, recessed lighting, separate laundry/mud room, seismic retrofit and new roof. Fully fenced front yard and separate backyard provide the front house with two enormous outdoor spaces perfect for entertaining. The larger back home is 3bed/2bath and comes complete with hardwood flooring, central heat/air, vaulted ceilings and granite counters. The spacious primary suite with en suite bath, charming patio and fully fenced backyard make this much more like a single-family home. Current total revenue is $7,419 per month for these bright and airy homes. Pride of ownership abounds, hurry, these two homes won't last long!

Condition Rating
Good

The property consists of two homes. The front house (260 Acacia) has been recently renovated with a new kitchen (quartz counters, stainless appliances) and bathroom (rain shower, decorative tiles). The back house (262 Acacia) has hardwood flooring, granite counters, and updated bathrooms. The year built is 1947, but the front house has been extensively renovated recently. The back house appears to be in good condition. Overall, the property is in good condition and move-in ready.
Pros & Cons

Pros

Income Potential: The property features two detached homes, generating a combined monthly revenue of $7,419, making it an attractive investment opportunity.
Large Lot Size: The property sits on a spacious approximately 11,000 sq.ft. lot, providing ample outdoor space and potential for future expansion or development.
Renovated Front House: The front house (260 Acacia) has undergone extensive renovations, including a new open-concept kitchen with quartz counters and stainless steel appliances, enhancing its appeal.
Separate Garages: Each home has its own 2-car garage, providing convenient and secure parking for residents.
Central Air Conditioning: Both homes are equipped with central air conditioning, ensuring comfortable living throughout the year.

Cons

Price Reduction: The property has experienced a price reduction from its original list price of $1,498,000 to $1,398,000, which may indicate challenges in the market or perceived value.
Age of Property: Built in 1947, the property may require ongoing maintenance and potential upgrades due to its age.
Potential for Increased Competition: As a duplex, the property may face competition from other similar residential income properties in the Altadena area.

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