Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Altadena Land with Development Potential Title is generated by Realmo AI

    2415 N Fair Oaks Avenue 2415, Altadena, CA 91001

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $17,500,000

    Land/Lot - Altadena, CA

    Lot size:
    132,422.40 Acres
    Added:
    Oct 5, 2023
    Days on Market:
    947
    Last Refresh:
    May 8 at 8:06 pm

    Property Features for 2415 N Fair Oaks Avenue 2415

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    COMMERCIAL/SFR
    Exterior features
    Fence, Community Features Included: Foothills, Hiking
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    5835013905
    Lot size
    132,422.40 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Vance Weisbruch

    Listing agent Vance Weisbruch License #01118869

    Listing office COMPASS 680 E. Colorado Blvd #400, Newport Beach, CA

    Listing date Oct 5, 2023

    MLS# P1-15303 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three houses included on three of the six parcels.
    • Total land area of 3.04 acres.
    • Development potential (buyer to verify with county).
    • Includes fencing.
    • Community features include foothills.
    • Hiking opportunities.

    Overview

    This property consists of six parcels totaling 3.04 acres. Three of the parcels each have a single house on them. Prospective buyers are advised to consult with the county office to determine potential development options for the land, located in Altadena, California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1510163
    Latitude
    34.1873423

    Nearby Similar for Sale

    • $1,499,999
      1,715 SF

      Altadena Auto-Use Commercial Property

      Rare opportunity: approved auto-use property with operating business included.
      2315 Fair Oaks Ave, Altadena, CA 91001
      View Details
    • $690,000

      Altadena Land Ready to Build

      Residential lot in Altadena, CA, ready for new construction.
      42 Marathon Rd, Altadena, CA 91001
      View Details
    • $1,495,000

      Corner Commercial Parcel in Altadena

      High-visibility corner lot suitable for retail, restaurant, office, mixed-use.
      912 E Altadena Dr, Altadena, CA 91001
      View Details
    • $990,000

      Altadena View Lot Opportunity

      Prime 0.53-acre lot with near RTI plans in Altadena.
      461 W Loma Alta, Altadena, CA 91001
      View Details
    • $600,000

      Altadena Land: Rebuild Opportunity

      7,689 sq ft lot for custom build in Altadena.
      50 W Loma Alta Drive W, Altadena, CA 91001
      View Details
    • $1,300,000
      2,253 SF

      Altadena Multi-Unit Income Property

      Turnkey multi-unit property in Altadena with mountain views.
      2115 N Marengo Avenue, Altadena, CA 91001
      View Details
    • $898,000

      Altadena Land Lot Opportunity

      Residential lot for sale in desirable Altadena neighborhood.
      2574 Ganesha Avenue, Altadena, CA 91001
      View Details
    • $465,000

      Altadena Ready-to-Build Residential Lot

      Cleared R-1 lot in desirable Altadena neighborhood.
      343 W Woodbury Road, Altadena, CA 91001
      View Details
    • $640,000

      Altadena Land: Dream Project Awaits

      Flat, rectangular lot in desirable Altadena neighborhood near Pasadena.
      50 Marathon Rd, Altadena, CA 91001
      View Details
    • $710,000

      Residential Lot in Gated Community

      Residential lot in La Vina community, razed by Eaton Fire.
      820 Millard Canyon Road, Altadena, CA 91001
      View Details
    • $775,000

      Oversized Homesite in Altadena

      Cleared homesite ready to build in desirable Altadena location.
      1286 E Calaveras Street, Altadena, CA 91001
      View Details
    • $629,900

      Altadena Land with View Potential

      Residential lot in Altadena with mountain and city view potential.
      163 E Loma Alta Drive, Altadena, CA 91001
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.04 acres of land with development possibilities in Altadena, CA.
    Where is this commercial land located?
    The property is located at 2415 N Fair Oaks Avenue 2415 Altadena, CA.
    What is the asking price?
    The asking price for this property is $17,500,000.
    What are key features of this property?
    This property features: Three houses included on three of the six parcels.; Total land area of 3.04 acres.; Development potential (buyer to verify with county).
    (626) 233-5207
    We can help!
    Listing Contact
    Vance Weisbruch
    Real Estate License ID: 01118869
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2415 N Fair Oaks Avenue 2415, Altadena, CA 91001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!