Property profile

2271 Lincoln Ave Altadena, CA 91001

OFF-MARKET
Retail properties & Spaces
Property ID
US09-9516960
3,402 SF 0.17 ac lot Built 1929
Individually Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in the desirable Altadena, California market. Encompassing two vacant, unimproved lots totaling approximately 15,941 square feet (0.366 acres), this property is ideally situated at 2271 and 2261 Lincoln Avenue, conveniently located between Crosby Street and Archwood Place. The site benefits from a Commercial (C-3) zoning designation, providing flexibility for a variety of development possibilities. Its strategic location offers easy access to the I-210 Freeway, providing seamless connectivity to the I-605, I-10, and SR-60 freeways, enhancing accessibility and logistical advantages. Furthermore, proximity to the Lake Gold Line and Memorial Park Gold Line Stations adds to its appeal. The property's location also places it within a reasonable driving distance of both Hollywood Burbank and Los Angeles International Airports. Nearby amenities include the Altadena Sheriff's Station, LA County Public Works, Altadena Library, and Altadena Community Center, underscoring the area's well-established infrastructure. Altadena itself boasts a vibrant community with a mix of small businesses, restaurants, and charming residential areas, along with several public and private schools, including John Muir High School. While the property offers significant potential, prospective buyers are strongly encouraged to independently verify all zoning regulations, permitted uses, and building requirements with the Los Angeles County Planning Department. Note that any development involving ten or more housing units will be subject to a restrictive housing covenant mandating that at least 15% of the units be designated for affordable housing. The property is owned by the County of Los Angeles, and its APN is 5827-009-901,-902.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1929
Construction WOOD
Total area 3,402 SF
Lot 0.17 ac (7,289 SF)
Zoning code LCC3YY
APN 5827-009-901
UPID US09-9516960

Cap rate & NOI

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

Location

2271 Lincoln Ave Altadena, CA 91001-5468
Altadena metro Census 461000 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2006
3 recorded transactions
2006
Price N/A
1996
Price N/A
1969
Price N/A

Zoning & alternative use

LCC3YY · 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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