596 Wapello Street, Altadena, California 91001, Altadena, 91001 - bed, bath
ACTIVE UNDER CONTRACT$649,000
596 Wapello Street, Altadena, California 91001
0Bed
0Bath
Sqft
8,998Lot
Year Built
1961
Close
-
List price
$649K
Original List price
$649K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21760
Home ConditionTear down
Features
Good View: Hills, Mountain(s)
ViewHills, Mountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $649.0K(11th), sqft - 0(7th), beds - undefined(12th), baths - undefined(12th).
Residential Lot For Sale:This deep lot is located in the Marathon Heights neighborhood, North of Altadena Drive, just west of Lake Avenue. It is nestled under the surviving Deodar Trees of the beautiful Altadena Foothills. It offers the opportunity to build your dream home boasting mountain views and easy access to Lake Avenue retail shops, restaurants, the local Library, hiking trails, and parks. The Lot size is 50 wide and 180 deep per Assessor. The Eaton Fire destroyed the home. FEMA Phase 1 clean-up has been completed. The owner has ordered phase 2 clean-up. Make this your opportunity to build your dream home today.
Condition Rating
Tear down
The listing explicitly states that the previous home was destroyed by fire, and the property is currently a residential lot for sale. There is no existing structure to evaluate for condition, kitchen, or bathroom features. The property requires full construction of a new home, making it unlivable in its current state and its value based solely on the land for redevelopment, which aligns with the 'tear-down' criteria.
Pros & Cons
Pros
Prime Location: Situated in the desirable Marathon Heights neighborhood, north of Altadena Drive and west of Lake Avenue, offering excellent access to local amenities.
Scenic Views: The lot boasts impressive mountain views, enhancing its aesthetic appeal and potential value for a future home.
Generous Lot Size: A deep lot measuring 50 feet wide by 180 feet deep (8,998 sq ft) provides ample space for a substantial custom-built residence.
Building Opportunity: Offers a unique opportunity for a buyer to design and construct their 'dream home' from the ground up on a cleared site.
Post-Fire Clean-up Progress: FEMA Phase 1 clean-up has been completed, and Phase 2 is ordered, indicating active preparation of the lot for future development.
Cons
Requires Full Construction: As a vacant lot, the property demands significant time, effort, and financial investment to build a new home from scratch.
Fire History: The previous home was destroyed by the Eaton Fire, which, despite clean-up, may be a consideration for some prospective buyers.
Building Process Complexity: Buyers will face the complexities, potential delays, and costs associated with new construction, including permits, design, and contractor management.