502 Mountain View
Altadena, CA, 91001 $ 699,000
Baths0.0 Sq 1,348 Monthly Estimate*
$ 4,361
Listed by Redfin Corporation
Studio for $699,000. This 1,348 square foot home was built in 1923 on a lot size of 0.2294.
Exceptional opportunity on a large Altadena lot offering significant development and investment potential. The property was affected by high winds during the Eaton fires, resulting in a tree falling onto the front house, which is currently uninhabitable. Notably, the front house underwent a major renovation in 2024, and approved plans are available, providing a valuable head start for rebuilding. According to county planning, the expansive lot is eligible for two 2-story homes, each with its own ADU, allowing for up to 9,000 square feet of total living space. This makes the property an outstanding opportunity for an owner-builder, developer, or investor seeking to maximize value. The rear house is a charming and livable 1923 cottage, featuring 1 bedroom and 1 bathroom, a kitchen, living area, and laundry room. Updates include a renovated bathroom (2019), heat pump system, and a Miele dishwasher—blending vintage character with modern convenience. A finished 2-car garage offers exceptional flexibility and is ideal for a studio, workspace, or creative use. Highlights include a split-system HVAC, polished concrete floors, insulated walls and ceiling, vaulted ceiling, and high north-facing windows that provide beautiful, diffused natural light. Two pairs of French doors open to serene yard views. The sloped roof’s angle and orientation are optimized for future solar panel installation. The property features generous front, middle, and rear garden spaces with mature trees, including avocado, mango, camellia, and bay. The bay trees form a tall, natural hedge, offering privacy and a peaceful setting. A long driveway accommodates parking for up to four vehicles. A rare chance to restore, rebuild, or redevelop a property with strong fundamentals, approved plans, and remarkable long-term potential in a desirable Altadena neighborhood.
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FeaturesGeneralSewer Public Sewer
Heating Ductless
Cooling Ductless
Possession Close Of Escrow
Roof Composition
Appliances Dishwasher Free-Standing Range Water Heater
HOA Fee 0
Garage Spaces 2
Pool Features None
Construction Materials Stucco
Year Built 1923
View Mountain(s)
Stories Count 1
Levels One
Property Subtype Single Family Residence
Gross Income 0
Community Features Suburban
County Los Angeles
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Between Casitas Ave and Lincoln Ave
City Altadena
Entry Location front
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 3
MLS Area 604 - Altadena
Lot Size Units Square Feet
Lot Size Square Feet 9993
Listing Terms Cash Submit
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Property Condition Fixer
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 34
Property Sub Type Additional Single Family Residence
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InteriorInterior Amenities Open Floorplan
Flooring Bamboo Laminate Tile Wood
Fireplace Features Living Room
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features In Kitchen Laundry Room
Entry Level 1
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ExteriorFencing Chain Link Wood
Parking Features Driveway Garage
Lot Features Back Yard Front Yard Yard
Water Source Public
Total Parking 6
Lot Size Area 9993
Number of Buildings 3
Spa false
Building Area Total 1348
Lot Size Acres 0.2294
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 2
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* Excluded FeaturesList Bysylva.khayalian@redfin.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,361
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Altadena, CA
Average List Price $3,034,222
Percent of Sale Price 334%
About Altadena, CA 42,892 Population
1% Since 2002
$ 89,392 Median Income
43.89 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/20/2025 | $699,000 | | Listed Price |