2645 Fair Oaks AveAltadena, CA 91001

Property Details for 2645 Fair Oaks Ave

Year built

1959

Lot size

0.28 AC

Property size (Sq ft)

1,134 SF

Zone code

LCC3*

Property type

Auto shops

APN

5835-007-025

APU

5835007025

Description

This exceptional Altadena commercial property, located at 2645 Fair Oaks Avenue, presents a unique investment opportunity. Boasting a prime C-3 zoning designation, this 12,191 square foot corner lot offers 1,134 square feet of existing building space currently operating at 100% occupancy under a month-to-month lease as a smog inspection station and used car lot. The high-traffic location on Fair Oaks Avenue in Los Angeles County, CA 91001, ensures maximum visibility and exposure for any business. The flexible zoning allows for a diverse range of commercial uses, making it ideal for owner-occupiers seeking a high-profile location or investors looking for future development potential. A large monument sign provides excellent branding opportunities. This adaptable property is ready to be leveraged for a successful commercial venture in a bustling Altadena commercial corridor. The asking price is $1,650,000, and the property is offered as a gross lease with a single tenant. This is a rare chance to acquire a well-situated commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $423,187

  6.5%

  $390,634

  7%

  $362,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $224,267

  Geo Method

  $224,267

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $762,097

  Mixed-Use / Specialty

  $389,112

  Hospitality / Lodging

  $285,310

  Office

  $386,665

  Institutional / Educational

  $404,473

  Residential Income

  $473,233

  Multifamily

  $568,291

  Automotive / Energy

  $346,691

  Parking / Income-Based Land

  $119,767

  Restaurant / Food Service

  $202,102

  Healthcare / Senior Housing

  $399,160

Location Insight

City

Altadena

County

Los Angeles

State

California

Latitude

34.1911

Longitude

-118.149

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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