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Property profile

2509 Lk Ave Altadena, CA 91001

OFF-MARKET
Office buildings
Property ID
US09-8910768
View Sample
1,568 SF 0.05 ac lot Built 1964
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This newly remodeled, free-standing two-story office building boasts 1,568 square feet on a 0.05-acre lot at 2509 Lake Avenue in Altadena, CA. The property enjoys exceptional visibility and signage opportunities on a highly trafficked street. The first floor features a welcoming reception and waiting area, two offices bathed in natural light from large windows, new hardwood floors, and recessed lighting. The fresh paint throughout enhances the modern feel. Upstairs, a spacious conference room overlooks Lake Avenue, offering inspiring views. A large open workspace, a potentially enclosed office, two restrooms, and a kitchen/breakroom complete the second floor. Exterior improvements include fresh paint and a new awning, maximizing signage potential. Four parking spaces are available on the property, supplemented by ample street parking. The building's location is ideal, adjacent to other professional businesses, restaurants, and coffee shops, just below Altadena Drive. This affluent area offers excellent demographics, making it perfect for a variety of uses, including retail, office, and creative businesses. The asking price is $1,300,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1964
Construction TILT-UP CONCRETE
Total area 1,568 SF
Lot 0.05 ac (2,246 SF)
Zoning code LCC3*
APN 5845-017-016
UPID US09-8910768

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Law Firm Security Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2015
7 recorded transactions
2015
$320,000
1999
$161,000
1999
Price N/A
1995
$26,500
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LCC3* · 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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