Listing provided courtesy of KEVIN LUTZ of Keller Williams Realty/Pasadena. Last updated 2024-09-07 09:10:55.000000. Listing information © 2024 CLAW.
Asking Price: $2,900,000
1979 Lake, Altadena CA 91001
Community: 604 - Altadena
This Office property was built in 1942 and is priced at $2,900,000. Please see the additional details below.
1979, 1985, 1995, 2003 Lake Avenue - This exceptional mixed-use property includes four one-story buildings on four adjacent parcels, all built in 1942. Each building boasts a pitched composition shingled roof and a raised foundation. Zoned as C-2 "Neighborhood Commercial," the property offers versatile opportunities for residential, retail, and office uses. Available for sale as a package, with potential for individual parcel sales. 2003 Lake can be purchased separatley for $795,000. This property presents a unique investment opportunity with a blend of commercial and residential potential. Interested buyers are encouraged to perform their own due diligence, particularly concerning rental regulations and property registration requirements in Unincorporated Los Angeles County. Total Building Square Feet: 8,442 (9,302 including unpermitted addition). Lot Size: 20,013 sq ft (All 4 parcels). Utilities: 10 Electric meters. 8 Gas Meters. Plumbing: Mixed upgrades; original plumbing presumed in some areas. Roofs: Some roofs replaced; others may need replacement. Pitched composition shingled roof. Electrical: Most sub panels and main panels have been replaced. Unit Amenities: Washer/dryer hookups, wall A/C, central A/C or mini-splits; select units feature dishwashers, upgraded laminate flooring, granite counters, and new cabinets. Parking: 21 spaces total (9 garage, 12 open); accessed from the back alley with rolled composition roofs on garages. Billboard: Generates $125/month; lease expires in 2030. 6 of 10 units are without tenants. Potential development site.