ABOUT THE ASSET

PROPERTY DESCRIPTION

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664 E. Sacramento Street offers investors a unique opportunity to acquire 7 freestanding bungalows in the city of Altadena. Built in 1924, the property dubbed “Sacramento Bungalows” is comprised of four, one-bed/one-bath units at approximately 432 square feet, one, one-bed/one-bath + detached studio, and two, 2-bed/one-bath units. The property was constructed using quality old-growth redwood.

Units are equipped with freestanding gas stoves / ovens, hardwood floors, wall-mounted A/C, and gas wall heating. Tenants also benefit from washer / dryer hookups in each unit in addition to a yard or deck featured in 6 of 7 units. There are 7 uncovered off street parking spaces.

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**Please do not go on property. Tenants do not know it is for sale.

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$2,000,000

$285,714

$563.06

15.87

13.95

3.88%

4.66%

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7

1924

3,552

16,736

5839-029-017

SUMMARY

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Price: 

Price/Unit:

Price/SF

Current GRM

Market GRM

Current Cap Rate

Market Cap Rate

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Units

Year Built

Building SF

Lot SF

APN

PROPERTY HIGHLIGHTS

• 7 Freestanding Bungalows

• Beautiful Central Courtyard

• Built Using Old Growth Redwood