2271 Lincoln AveAltadena, CA 91001

Property Details for 2271 Lincoln Ave

Year built

1929

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

3,402 SF

Zone code

LCC3YY

Property type

Retail properties

APN

5827-009-901

APU

5827009901

Description

This exceptional commercial land offering presents a unique investment opportunity in the desirable Altadena, California market. Encompassing two vacant, unimproved lots totaling approximately 15,941 square feet (0.366 acres), this property is ideally situated at 2271 and 2261 Lincoln Avenue, conveniently located between Crosby Street and Archwood Place. The site benefits from a Commercial (C-3) zoning designation, providing flexibility for a variety of development possibilities. Its strategic location offers easy access to the I-210 Freeway, providing seamless connectivity to the I-605, I-10, and SR-60 freeways, enhancing accessibility and logistical advantages. Furthermore, proximity to the Lake Gold Line and Memorial Park Gold Line Stations adds to its appeal. The property's location also places it within a reasonable driving distance of both Hollywood Burbank and Los Angeles International Airports. Nearby amenities include the Altadena Sheriff's Station, LA County Public Works, Altadena Library, and Altadena Community Center, underscoring the area's well-established infrastructure. Altadena itself boasts a vibrant community with a mix of small businesses, restaurants, and charming residential areas, along with several public and private schools, including John Muir High School. While the property offers significant potential, prospective buyers are strongly encouraged to independently verify all zoning regulations, permitted uses, and building requirements with the Los Angeles County Planning Department. Note that any development involving ten or more housing units will be subject to a restrictive housing covenant mandating that at least 15% of the units be designated for affordable housing. The property is owned by the County of Los Angeles, and its APN is 5827-009-901,-902.

• CAP approach

  CAP return

  Valuation

  6%

  $1,629,962

  6.5%

  $1,504,580

  7%

  $1,397,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,630,249

  Geo Method

  $1,630,249

• Alternative Use

  Use

  Valuation

  Residential

  $1,269,170

  Hospitality

  $1,162,553

  Educational

  $967,230

  Medical

  $1,000,495

  Retail

  $1,504,580

Location Insight

City

Altadena

County

Los Angeles

State

California

Latitude

34.1848

Longitude

-118.16

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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