Active
2167 Lake Avenue Altadena, CA 91001
$1,100,000
1,688 sq ft

Courtesy of Deasy Penner Podley, Pauline Ching. IDX Contact: 818-790-1183

Team Members Representing this Property

  • Pauline Ching

    Pauline Ching

    Listing Agent

    DRE# 01503721

  • Bill Derrick

    Bill Derrick

    Listing Agent

    DRE# 00948905

Property Description

Great property for future development on popular Lake Avenue! Zoned LCC3. 7,176sf lot with parking in front and rear plus 3 detached garages in back, totaling 10 parking spaces. Two residential units (1 BR, 1 BA, 844sf EACH) currently leased on month to month basis. Building was previously used as a commercial real estate office. Plenty of room to expand in rear subject to codes and zoning. Buyer to cooperate with Seller’s 1031 Exchange requirements. Please do not walk on property without appointments! This property has so much potential for you!

Property Details & Features

Property Type

  • Office

Year Built

  • 1925

House

  • Built in 1925
  • 1688 total building sqft
  • Duplex
  • Mixed Use
  • Office
  • Retail

Cooling

  • No cooling

Expenses

  • Operating Expense: $3,438

Fence

  • Chain Link

Heating

  • No heating

Income

  • Gross Scheduled Income: 25800
  • Net Operating Income: 20793

Laundry

  • Gas Dryer Hookup
  • Inside
  • Laundry Closet

Listing

  • Property Subtype: Office
  • 54 days on market
  • Listed on 2021-08-18

Location

  • County: Other County

Lot

  • Level
  • No Landscaping
  • Rectangular Lot
  • Sprinklers None
  • Street Level
  • Value In Land

Roof

  • Asphalt

Security System

  • Window Bars

Taxes

  • Annual Amount: $1,569
  • Year: 2020

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