2003 Lake Ave 8,442 SF Retail Building Altadena, CA 91001 $3,850,000 ($456.05/SF)
INVESTMENT HIGHLIGHTS
- Separately parceled properties
- Mostly renovated units
- Delivered fully vacant
- 1 billboard plus monument sign
- garage parking plus exterior
- Plenty of frontage along Lake Ave
EXECUTIVE SUMMARY
***Looking for backup offers***
4 separate parcels being sold together consisting of a 3 unit apartment building, a 3 unit apartment building, a commercial property and a 2 unit apartment building with small retail area. All apartments except one have been remodeled and over the span of 3 structures has 9 garage spaces in addition to the 9 exterior parking. Property suffered no fire damage however is in the process of having the roof repaired due to high winds. Easy to show.
***photos taken before the fires which did not effect this property***
4 separate parcels being sold together consisting of a 3 unit apartment building, a 3 unit apartment building, a commercial property and a 2 unit apartment building with small retail area. All apartments except one have been remodeled and over the span of 3 structures has 9 garage spaces in addition to the 9 exterior parking. Property suffered no fire damage however is in the process of having the roof repaired due to high winds. Easy to show.
***photos taken before the fires which did not effect this property***
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,442 SF
Building Class
B
Year Built
1942
Price
$3,850,000
Price Per SF
$456.05
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.46 AC
Zoning
LCC2* - Neighborhood Commercial
Parking
18 Spaces (2.13 Spaces per 1,000 SF Leased)
Frontage
46’ on N lake
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5845-028-004 | Improvements Assessment | $179,889 |
| Land Assessment | $249,522 | Total Assessment | $429,411 |
