Updated Aug 5, 2026
Local Affordable Housing Developer Acquires Development Site In Altadena For $6.25M
2214 North Windsor Avenue
$6,250,000
Units
54
Asset Type
Development Site
Closing
Aug 5, 2026
About this deal
AI
A local affordable housing developer acquired a 1.08-acre development site located at 2214 North Windsor Avenue in Altadena, CA, for $6,250,000. The asset is fully entitled for a mixed-use project consisting of 54 units aimed at assisting families affected by the Eaton Fire.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,250,000
- Address: 2214 North Windsor Avenue
- Market: Altadena, CA
- Acres: 1.08
- Brokers: Kathi Constanzo & Bill Ukropina - Coldwell Banker
The transaction reflects the commitment to support Altadena’s post-wildfire recovery efforts through the development of housing specifically for displaced families. Kathi Constanzo and Bill Ukropina represented the seller in this significant deal.
On the Map
$6,250,000
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93