2509 Lake AveAltadena, CA 91001

Property Details for 2509 Lake Ave

Year built

1964

Construction

TILT-UP CONCRETE

Lot size

0.05 AC

Property size (Sq ft)

1,568 SF

Zone code

LCC3*

Property type

Office properties

Property subtype

Office buildings

APN

5845-017-016

APU

5845017016

Description

This newly remodeled, free-standing two-story office building boasts 1,568 square feet on a 0.05-acre lot at 2509 Lake Avenue in Altadena, CA. The property enjoys exceptional visibility and signage opportunities on a highly trafficked street. The first floor features a welcoming reception and waiting area, two offices bathed in natural light from large windows, new hardwood floors, and recessed lighting. The fresh paint throughout enhances the modern feel. Upstairs, a spacious conference room overlooks Lake Avenue, offering inspiring views. A large open workspace, a potentially enclosed office, two restrooms, and a kitchen/breakroom complete the second floor. Exterior improvements include fresh paint and a new awning, maximizing signage potential. Four parking spaces are available on the property, supplemented by ample street parking. The building's location is ideal, adjacent to other professional businesses, restaurants, and coffee shops, just below Altadena Drive. This affluent area offers excellent demographics, making it perfect for a variety of uses, including retail, office, and creative businesses. The asking price is $1,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $500,282

  6.5%

  $461,798

  7%

  $428,813

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,718

  Geo Method

  $298,171

• Alternative Use

  Use

  Valuation

  Residential

  $572,630

  Hospitality

  $524,526

  Educational

  $436,400

  Medical

  $451,408

  Retail

  $678,844

Location Insight

City

Altadena

County

Los Angeles

State

California

Latitude

34.189

Longitude

-118.132

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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