1979 Lake Avenue

Altadena, CA 91001
$2,900,000
0.46 acres | #WS24147037
Courtesy of Keller Williams Realty/Pasadena
For Sale

Description

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 separately 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.
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  • Property Details
      • Stories:1
      • Lot description:StreetLevel
      • Acres:0.4594
      • Parking spaces:9
      • Property type:Multi-Family
      • Year built:1942
      • Sewer information:PublicSewer
      • Utility source:Public
      • County:Los Angeles
      • Original List Price:$3, 200, 000
      • MLS #:WS24147037
      • Cost:2900000
      • Property subtype:MixedUse
      • MLS #:WS24147037

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Last Updated: . Source: CRMLS

Listing Courtesy
Listing Agent: KEVIN LUTZ
Listing Office: Keller Williams Realty/Pasadena

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    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

    Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information