Active
1979 -2003 Lake Avenue
Altadena CA, 91001
$2,900,000
$343.52 per sqft
Active
8,442 sqft
Commercial
Built in 1942
Listed by KEVIN LUTZ with Keller Williams Realty/Pasadena 626-429-0685
1979, 1985, 1995, 2003 Lake Avenue - This exceptional mixed-use property includes four one-story buildings on four adjacent parcels, all built in 1942. Each building boasts a pitched composition shingled roof and a raised foundation. Zoned as C-2 "Neighborhood Commercial," the property offers versatile opportunities for residential, retail, and office uses. Available for sale as a package, with potential for individual parcel sales. 2003 Lake can be purchased separatley for $795,000. This property presents a unique investment opportunity with a blend of commercial and residential potential. Interested buyers are encouraged to perform their own due diligence, particularly concerning rental regulations and property registration requirements in Unincorporated Los Angeles County. Total Building Square Feet: 8,442 (9,302 including unpermitted addition). Lot Size: 20,013 sq ft (All 4 parcels). Utilities: 10 Electric meters. 8 Gas Meters. Plumbing: Mixed upgrades; original plumbing presumed in some areas. Roofs: Some roofs replaced; others may need replacement. Pitched composition shingled roof. Electrical: Most sub panels and main panels have been replaced. Unit Amenities: Washer/dryer hookups, wall A/C, central A/C or mini-splits; select units feature dishwashers, upgraded laminate flooring, granite counters, and new cabinets. Parking: 21 spaces total (9 garage, 12 open); accessed from the back alley with rolled composition roofs on garages. Billboard: Generates $125/month; lease expires in 2030. 6 of 10 units are without tenants. Potential development site.
WS24146336
MLSⓇ ID
July 17, 2024
Listed
September 19, 2024
Updated
Map
1979 -2003 Lake Avenue
Altadena CA, 91001
Interior Features
Total Stories
1
Laundry Description
Washer Hookup
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.46 Acres
Lot Features
Street Level
Other Property Details
Area Name
604 - Altadena
Taxes
$35,447
Tax Frequency
Annually
Days on Market
48
Garage
No
Parking Total
21
View
No
County
Los Angeles
Water Source
Public
Pool
No
Listing Contact: 626-204-3300
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 9/19/2024 at 1:36 AM UTC