Fantastic value-add opportunity for investors or anyone looking for a beautiful and spacious setting to create their dream home! Set in a picturesque Altadena location at the top of Lake Avenue on the corner of a quiet cul-de-sac and backed by the majestic San Gabriel Mountains, this expansive family home awaits its next chapter! 4 large bedrooms on the main level and 3 baths PLUS the basement has been converted into a 1 bed 1 bath lower level apartment. The layout flows well with a central living room featuring a cozy fireplace and bedrooms all located in their own private quarters with multiple ensuite baths. The backyard is absolutely charming and features multiple mature fruit trees and inspiring mountain views! All situated just a stones throw from the Cobb Estate Trailhead which is one of the most popular and beautiful hikes in the area! You're also a short drive to the shops and restaurants further down on Lake Ave and in nearby Old Town Pasadena. This is an incredible opportunity to bring your own vision and create something extraordinarily special!