Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2285 Lake Ave Altadena, CA 91001
    Back to Search
    Property profile & analytics

    2285 Lake Ave, Altadena, CA 91001

    View on Map
    • Specialty properties
    • 1,900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Freddy's Antiques & Estate Jewelry / Home Decor Store / (Bike/Boat/Book/etc) Store
    • Cheap Car Insurance Altadena / Insurance Agency

    Property Details for 2285 Lake Ave

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    Prime Altadena, CA commercial land totaling 1,900 square feet is available for purchase at $199,999. Located at 2285 Lake Ave, in the 91001 zip code, this special purpose property presents a unique investment opportunity. The property is situated in Los Angeles County, California, offering excellent access to local amenities and transportation. Currently, the site houses a long-established antique and estate jewelry business, providing potential for continued operation in a similar vein or redevelopment for alternative commercial uses. The 1,900 square foot lot offers ample space for various commercial ventures. This property is ideal for entrepreneurs seeking a well-located space in a thriving community. The established business on the site offers a potential income stream or a turnkey operation for a buyer. The property's location in Altadena provides access to a strong local customer base and significant foot traffic. This presents a rare chance to acquire a piece of Altadena's commercial landscape. The property's versatility allows for a range of potential uses, making it an attractive investment for both seasoned and new commercial property owners. Serious inquiries are encouraged to explore this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Altadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.132
    Latitude
    34.1851

    Comparable in this City

    • Value Estimation by Request
      6,526 SF

      2320 Lk Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2320 Lk Ave, Altadena, CA 91001
      View Details
    • Value Estimation
      $740,000
      13,368 SF

      2290 Country Clb Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2290 Country Clb Dr, Altadena, CA 91001-3202
      View Details
    • Value Estimation by Request
      1,872 SF

      2290 Country Clb Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2290 Country Clb Dr, Altadena, CA 91001-3202
      View Details
    • Value Estimation by Request
      1,344 SF

      615 Mariposa St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      615 Mariposa St, Altadena, CA 91001-2350
      View Details
    • Value Estimation by Request
      2,186 SF

      2290 Country Clb Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2290 Country Clb Dr, Altadena, CA 91001-3202
      View Details
    • Value Estimation by Request
      2,052 SF

      2080 Fair Oaks Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2080 Fair Oaks Ave, Altadena, CA 91001-5735
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Altadena

      Land available for sale in Altadena, California.
      948 E Poppyfields Dr, Altadena, CA 91001
      View Details
    • Contact for pricing

      Land in Quiet Cul-de-Sac

      Land available in a peaceful Altadena cul-de-sac.
      411 E Marigold St, Altadena, CA 91001
      View Details
    • Contact for pricing

      Ready-to-Build Vacant Land

      Vacant land with permits and cleanup completed.
      2971 Emerson Way, Altadena, CA 91001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Remodeled Office Space in Altadena

      Professional office suites with shared amenities, convenient location.
      2472 Lake Ave, Altadena, CA 91001
      View Details
    • Contact for pricing
      35,640 SF

      Altadena Warehouse with Private Yard

      Gated warehouse with private yard and ample parking.
      540 W Woodbury Rd, Altadena, CA 91001
      View Details
    • $3,250 /Mo

      Prime Corner Retail Space

      High-visibility 1,200 SF retail space in Altadena-Pasadena corridor.
      1920 N Lake Ave, Altadena, CA 91001
      View Details
    • Contact for pricing

      Remodeled Office Suites Near Pasadena

      Professional office suites available in Altadena, near Pasadena.
      2476 Lake Ave, Altadena, CA 91001
      View Details
    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.
    2285 Lake Ave
    Altadena, CA 91001
    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
    2285 Lake Ave, 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!