We just listed a five unit apartment building comprised of five one bedroom, one bath units in at 917 E. Mendocino St. Altadena. It’s sited in one of Altadena’s most desirable neighborhoods, ½ mile from Altadena Town and Country Club. Located in close proximity to shopping dining and transportation. Although not subject to rent control, due to long term tenants, most rents are extremely low. And range from $550 – $1150. Original charm is intact and hardwood floors are believed to be under carpet. Four single car garages.
Selling multi-family real estate differs from residential. Two weeks ago, I contacted each tenant by telephone advising them I was listing the apartment building for sale. I scheduled a professional measurer and photographer to come during a two hour window. I phoned the tenants again and provided them with nearly a week’s notice, and then followed up with Notice of Entry giving them another 24 hour notice. Sadly renters have little security.