Property profile

2231 Lincoln Ave Altadena, CA 91001

OFF-MARKET
Auto shops
Property ID
US09-6196081
414 SF 0.27 ac lot Built 1946
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 13,300-square-foot commercial lot presents a unique investment opportunity in Altadena, California. Located at 2231 Lincoln Avenue, this vacant, unimproved parcel is zoned Commercial (C-3), offering considerable development potential. The property sits on the west side of Lincoln Avenue, between Archwood Place and Alvey Street, in Los Angeles County. Its convenient location provides easy access to the I-210 Freeway, connecting to the I-605, I-10, and SR-60 freeways, ensuring excellent regional connectivity. The site benefits from an average daily traffic volume of approximately 15,000 vehicles on Lincoln Avenue. Nearby amenities include the Lake Gold Line Station and Memorial Park Gold Line Station, as well as Hollywood Burbank and Los Angeles International Airports. The area boasts a variety of local businesses, restaurants, and charming residential neighborhoods, including a notable "Millionaire's Row." Government services such as the Altadena Sheriff's Station, LA County Public Works, Altadena Library, and Altadena Community Center are also conveniently located nearby. Altadena itself offers a rich array of recreational opportunities, including Farnsworth Park, Rubio Canyon Trailhead, Echo Mountain Trail, the Cobb Estate, and Eaton Canyon Nature Center. Several public and private schools, including John Muir High School, serve the community. Potential development projects involving ten or more housing units should note a restrictive housing covenant requiring at least 15% of units to be designated for affordable housing. The property's APN is 5827-009-903, -900. All information should be independently verified by the buyer.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1946
Construction WOOD
Total area 414 SF
Lot 0.27 ac (11,564 SF)
Zoning code LCM1*
APN 5827-011-903
UPID US09-6196081

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2231 Lincoln Ave Altadena, CA 91001-5469
Altadena metro Census 461000 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2016
4 recorded transactions
2016
Price N/A
2008
$1.1M
1994
$300,000
1970
$11,000

Zoning & alternative use

LCM1* · Altadena, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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