2076 LAKE AVE Altadena, CA 91001

Excellent Unit Mix - The subject property consists of (1 unit) Studio / 1 Bath, (1 unit) 2 Bed / 2 Bath, (1 unit) 2 bed / 1 Bath, and (2 units) 1 Bed / 1 Bath.Rental Upside Potential - The subject property contains more than 40 % in rental upside.Centrally Located - The subject property is within 3 miles of major freeways and Old Town Pasadena, Pasadena City College, JPL, The RoseBowl. Value-Add Opportunity - Ability to reposition the asset to market rents.High-Demand Submarket - Altadena is one of the hottest submarkets undergoing potential for growth and urbanization.Strong Rent Collections through the Pandemic - The subject property boasts strong rent collections through the pandemic.First Time On The Market in 18 Years - The subject property is family operated and owned for the past 18+ years, providing a savvy investor the opportunity to reposition this longtime family owned apartment building.