2231 Lincoln AveAltadena, CA 91001

Property Details for 2231 Lincoln Ave

Year built

1946

Construction

WOOD

Lot size

0.27 AC

Property size (Sq ft)

414 SF

Zone code

LCM1*

Property type

Auto shops

APN

5827-011-903

APU

5827011903

Description

This exceptional 13,300-square-foot commercial lot presents a unique investment opportunity in Altadena, California. Located at 2231 Lincoln Avenue, this vacant, unimproved parcel is zoned Commercial (C-3), offering considerable development potential. The property sits on the west side of Lincoln Avenue, between Archwood Place and Alvey Street, in Los Angeles County. Its convenient location provides easy access to the I-210 Freeway, connecting to the I-605, I-10, and SR-60 freeways, ensuring excellent regional connectivity. The site benefits from an average daily traffic volume of approximately 15,000 vehicles on Lincoln Avenue. Nearby amenities include the Lake Gold Line Station and Memorial Park Gold Line Station, as well as Hollywood Burbank and Los Angeles International Airports. The area boasts a variety of local businesses, restaurants, and charming residential neighborhoods, including a notable "Millionaire's Row." Government services such as the Altadena Sheriff's Station, LA County Public Works, Altadena Library, and Altadena Community Center are also conveniently located nearby. Altadena itself offers a rich array of recreational opportunities, including Farnsworth Park, Rubio Canyon Trailhead, Echo Mountain Trail, the Cobb Estate, and Eaton Canyon Nature Center. Several public and private schools, including John Muir High School, serve the community. Potential development projects involving ten or more housing units should note a restrictive housing covenant requiring at least 15% of units to be designated for affordable housing. The property's APN is 5827-009-903, -900. All information should be independently verified by the buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $198,355

  6.5%

  $183,097

  7%

  $170,019

• Comparable approach

  Method

  Valuation

  Relative Method

  $198,390

  Geo Method

  $198,390

• Alternative Use

  Use

  Valuation

  Residential

  $154,449

  Hospitality

  $141,475

  Educational

  $117,705

  Medical

  $121,753

  Retail

  $183,097

Location Insight

City

Altadena

County

Los Angeles

State

California

Latitude

34.1841

Longitude

-118.16

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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