Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2519 Lk Ave Altadena, CA 91001-2433

    • Commercial land
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8910767
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Polite Heating & Air Conditioning Co / Air Conditioning System Supplier

    Property Details for 2519 Lk Ave

    Lot size
    0.05 lot acres
    Zone code
    LCC3YY
    Property type
    Commercial land
    APN
    5845-017-015
    APU
    5845017015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Altadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.132
    Latitude
    34.189
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,073
    $348,840
    $0.00
    $348,840
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      48 La Venezia Ct

      VACANT COMMERCIAL LAND • 0.12 Acres
      48 La Venezia Ct, Altadena, CA 91001-5746
      View Details
    • Value Estimation by Request
      0.12 Acres

      443 12th E Woodbury Rd

      VACANT COMMERCIAL LAND • 0.12 Acres
      443 12th E Woodbury Rd, Altadena, CA 91001-2923
      View Details
    • Value Estimation by Request
      0.10 Acres

      173 Woodbury Rd

      VACANT COMMERCIAL LAND • 0.10 Acres
      173 Woodbury Rd, Altadena, CA 91001-5638
      View Details
    • Value Estimation by Request
      0.11 Acres

      Altadena, CA 91001

      VACANT COMMERCIAL LAND • 0.11 Acres
      Altadena, CA 91001
      View Details
    • Value Estimation by Request
      0.42 Acres

      620 Woodbury Rd

      VACANT COMMERCIAL LAND • 0.42 Acres
      620 Woodbury Rd, Altadena, CA 91001-5411
      View Details
    • Value Estimation by Request
      0.40 Acres

      525 Woodbury Rd

      VACANT COMMERCIAL LAND • 0.40 Acres
      525 Woodbury Rd, Altadena, CA 91001-5409
      View Details

    Similar Nearby for Sale

    • $375,000

      Vacant Corner Lot in Altadena

      Development-ready corner lot near freeways, retailers, and residential areas.
      2490 Lake Ave, Altadena, CA 91001
      View Details
    • $5,000,000

      Commercial Land For Sale

      Commercial land available for sale.
      451 E Sacramento St, Altadena, CA 91001
      View Details
    • $1,695,000
      0.30 Acres

      Corner Commercial Parcel in Altadena

      Highly visible corner lot suitable for retail or mixed-use development.
      912 E Altadena Dr, Altadena, CA 91001
      View Details
    • $17,500,000
      132,422.40 Acres

      Altadena Land with Development Potential

      3.04 acres of land with development possibilities in Altadena, CA.
      2415 N Fair Oaks Ave, Altadena, CA 91001
      View Details
    • $6,250,000
      42 SF

      Permitted Mixed-Use Development Site

      Fully permitted mixed-use development site in Altadena with retail space.
      2214 Windsor Ave, Altadena, CA 91001
      View Details
    • $710,000
      6,921.00 Acres

      Residential Lot in Gated Community

      Residential lot in La Vina community, razed by Eaton Fire.
      820 Millard Canyon Rd, Altadena, CA 91001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,962 SF

      Altadena Commercial Land For Lease

      Commercial land available for lease in Altadena neighborhood.
      2515 North Fair Oaks Ave, Altadena, CA 91001
      View Details
    • $2,400 /Mo
      822 SF

      Altadena Condo in Gated Complex

      Townhouse-style condo with updated kitchen, in-unit laundry, and community pool.
      2680 Lake Ave, Altadena, CA 91001
      View Details
    • $2,000 /Mo

      Remodeled ADU with Included Utilities

      Remodeled 1-bedroom ADU with modern appliances and included utilities.
      2154 El Molino Ave, Altadena, CA 91001
      View Details
    • $1.25 SF/Yr
      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 SF/Yr
      1,188 SF

      Altadena Business Park Flex Space

      Well-maintained flex space near JPL with easy freeway access.
      787 W Woodbury Rd, Altadena, CA 91001
      View Details
    • $2 SF/Yr
      1,000 SF

      Altadena Retail/Office Space Available

      Office and retail space for rent in Altadena, CA.
      2000 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.
    2519 Lk Ave
    Altadena, CA 91001-2433
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.