2180 Lincoln AveAltadena, CA 91001

Property Details for 2180 Lincoln Ave

Year built

2006

Construction

TILT-UP CONCRETE

Lot size

2.22 AC

Property size (Sq ft)

37,644 SF

Zone code

LCM1*

Property type

Community centers

APN

5827-018-041

APU

5827018041

Description

This 1,600 square foot retail space, located at 2180 N Lincoln Ave in Altadena, CA 91001, is situated within an existing and operating 24 Hour Fitness gym. Ideal for a variety of fitness-related businesses, including but not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense, physical therapy, sports rehabilitation therapy, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services and related programs, health diagnostic screening and testing, and sales of sport, health and wellness products and accessories, or workout apparel. The space is a single-tenant occupancy within Los Angeles County's Altadena submarket. Prospective tenants should note that uses involving on-site food and beverage preparation, pole dancing classes, or those requiring significant construction or utility upgrades are not permitted. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). This presents a unique opportunity for a health, wellness, or fitness-focused business to establish a presence in a well-established fitness center environment.

• CAP approach

  CAP return

  Valuation

  6%

  $18,035,944

  6.5%

  $16,648,565

  7%

  $15,459,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,039,126

  Geo Method

  $18,039,126

• Alternative Use

  Use

  Valuation

  Residential

  $14,043,687

  Hospitality

  $12,863,942

  Educational

  $10,702,649

  Medical

  $11,070,729

  Retail

  $16,648,565

Location Insight

City

Altadena

County

Los Angeles

State

California

Latitude

34.1833

Longitude

-118.159

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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