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2167 Lake Avenue

Altadena, CA 91001
  • $1,100,000
  • STATUS: Active
  • ON SITE: 106 Days
  • ID#: P1-6268
UPDATED: 96 min ago
$1,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Listing Agent: Pauline Ching of Dpp and Bill Derrick of Deasy Penner Podley


Description

Great property for future development on popular Lake Avenue! Zoned LCC3. 7,176sf lot with parking in front and rear plus 3 detached garages in back, totaling 10 parking spaces. Two residential units (1 BR, 1 BA, 844sf EACH) currently leased on month to month basis. Building was previously used as a commercial real estate office. Plenty of room to expand in rear subject to codes and zoning. Buyer to cooperate with Seller's 1031 Exchange requirements. Please do not walk on property without appointments! This property has so much potential for you!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
www.necolrealty.com/homes/120611279
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2167 Lake Avenue Altadena, CA 91001

  • Price: $1,100,000
  • Status: Active
  • On Site: 106 Days
  • Updated: 96 min ago
  • ID#: P1-6268
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
604 - Altadena
County:
Other County
Area:
604 - Altadena
Property Description
Great property for future development on popular Lake Avenue! Zoned LCC3. 7,176sf lot with parking in front and rear plus 3 detached garages in back, totaling 10 parking spaces. Two residential units (1 BR, 1 BA, 844sf EACH) currently leased on month to month basis. Building was previously used as a commercial real estate office. Plenty of room to expand in rear subject to codes and zoning. Buyer to cooperate with Seller's 1031 Exchange requirements. Please do not walk on property without appointments! This property has so much potential for you!
Exterior Features

Fencing Chain Link Lot Features LevelNo LandscapingRectangular LotSprinklers NoneStreet LevelValue In Land Roof Asphalt Sign On Property YN No

Interior Features

Cooling None Cooling YN No Heating None Heating YN No

Property Features

Additional Parcels YN No Cap Rate 1.73 Common Interest None Exclusions StoveRefrigeratorWasher And Dryer in Each Unit. Gross Scheduled Income 25800 Laundry Features Gas Dryer HookupInsideLaundry Closet Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 20793 Number Of Units Leased 2 Operating Expense 3438 Property Sub Type Office Security Features Window Bars Special Listing Conditions Standard Structure Type DuplexMixed UseOfficeRetail Tax Annual Amount 1569 Tax Year 2020 Water Source Public Zoning Lcc3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
 
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Realty ONE Group Southwest
41463 Margarita Rd. Suite 100
Temecula CA, 92591
Listing Agent: Pauline Ching of Dpp and Bill Derrick of Deasy Penner Podley