One of the first approved multifamily development projects to hit the market in Altadena since the Eaton fire devoured more than 6,000 homes earlier this year has been listed by Coldwell Banker Commercial Realty.
The project, at 2214 N. Windsor Ave., is a fully permitted 54-unit, mixed-use residential land site being marketed at $6.25 million. The development – proposed to rise three stories high and include residential and commercial components – would replace raw land and is expected to play a role in the rebuilding efforts of the Altadena community.
The approximately 42,500-square-foot structure will include 54 apartment units – including a mixture of studios, one- and two-bedroom units – along with approximately 2,120 square feet of ground floor retail space and a small temporary leasing office. It’s being designed by East Hollywood-based Kluger Architects Inc.
Low-income units included in plans
Of the 54 units to be made available, five will be restricted to extremely low-income households earning up to 30% of the area’s median income. One unit will be reserved for a very low-income household earning up to 50% AMI and another will be reserved as a manager’s unit.
Coldwell Banker Commercial Realty brokers Kathi Constanzo and Bill Ukropina have listed the project site for purchase. All permits have been secured from the Los Angeles County Planning Department, meaning the development should move quickly once acquired, according to the broker team.
“Bill and I are beyond excited to be working with developers to rebuild Altadena,” Constanzo said in a statement. “We are pleased to present one of the first fully permitted, mixed-use multifamily development opportunities in 2025.”
