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64 W Mariposa Street, Altadena, California 91001, Altadena, 91001 - bed, bath

64 W Mariposa Street, Altadena, California 91001 home-pic-0
ACTIVE$429,000
64 W Mariposa Street, Altadena, California 91001
0Bed
0Bath
Sqft
5,983Lot
Year Built
1926
Close
-
List price
$429K
Original List price
$429K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
P1-23020
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $429.0K(1th), sqft - 0(7th), beds - undefined(12th), baths - undefined(12th).

Located just west of Fair Oaks Avenue, this lot presents an excellent opportunity to construct a new home on a flat parcel measuring 5,983 square feet. According to public records, it was previously home to a 720 square foot residence featuring 2 bedrooms and 1 bathroom. The property is in close proximity to local trails and parks including Charles Farnsworth Park, which offers amenities such as pickleball, tennis, and more. Both phases I and II of the property cleanup and debris removal are now complete. Buyers should independently verify all zoning, permitting and rebuilding requirements with Los Angeles County and verify status of utilities with local providers. Buyers are responsible for conducting their own investigations to satisfy themselves regarding future development, ability to add units, required lot size, environmental toxicity, community and neighborhood designation, zoning and taxes. Call for more information.

Condition Rating
Tear down
The property is a vacant lot. The description explicitly states that the previous residence has been demolished and cleanup is complete, and the images confirm a cleared parcel of land. There is no existing structure 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

Development Opportunity: This flat, cleared 5,983 square foot parcel presents an excellent opportunity to construct a new, custom home from the ground up.
Prime Location: Located in Altadena, a desirable area, and just west of Fair Oaks Avenue, offering good access and neighborhood appeal.
Ready for Construction: Both phases of property cleanup and debris removal are complete, streamlining the initial steps for development.
Flat Topography: The flat nature of the parcel simplifies construction logistics and can potentially reduce building costs.
Lifestyle Amenities: Proximity to local trails and parks, including Charles Farnsworth Park with amenities like pickleball and tennis, enhances recreational opportunities.

Cons

Extensive Buyer Due Diligence: Significant responsibility is placed on the buyer to independently verify all zoning, permitting, rebuilding requirements, utility status, and potential environmental issues, introducing complexity and potential costs.
No Existing Structure: As a vacant lot, the property requires substantial time and financial investment for new construction before it can be occupied.
Uncertainty of Development: The need for buyers to investigate future development, ability to add units, and required lot size implies potential limitations or unforeseen challenges in the building process.

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