2472 Lake Avenue Altadena, CA
$ 3,100,000
Property Attributes
  • MLS#IV21056406
  • TypeCommercial
  • CityAltadena
  • AreaAltadena
  • Zip91001
  • StyleOffice
  • Price$ 3,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,383 SqFt
Listing Provided Courtesy Of:
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

HIGHLIGHTS; Competitive Offering Actual CAP Rate of 4.00%. / ProForma CAP Rate of 6.64% at market rents. Possible SBA Financing May be Available for Well Qualified Buyers. This Spanish colonial office building, located in Altadena, CA, was built in 1927 and will take you back in time. The 8,897 Sq. Ft. property has been completely restored to its original splendor with an emphasis on the craftsmanship and woodwork throughout. From the beautiful coffered ceilings to the woodwork on the walls, to the arched doorways, to the original wood floors, this rare, one of a kind building showcases all the class and refinement of the 20’s architecture without lacking any modern amenities. The property has had extensive updates which include; new commercial grade roof ($17,000), new flooring ($20,000), new windows throughout ($33,000), new window covering ($4,500), updated kitchen / bathroom ($25,000). The interior and exterior of the building were also completely professional painted ($40,000). The updates bring convenience and a modern twist to this timeless design. The space can be laid out in various ways to accommodate the needs of multiple tenants. The current configuration consists of; 1st floor- 4 offices plus two conference rooms, Two Secretary or assistant built in work stations, and a built in front reception desk area, 2nd floor- 10 offices plus (2) secretary of assistant built in work stations, 3rd floor- 8 offices plus a large conference room

Price History
3/18/2021 Listed $3,100,000

General Features

Listing Agent ALBERT LE - BRE#01468313
Listing Agent State License 01468313
MLS Area 604 - Altadena
Property Sub Type Additional Office
Property SubType Office
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Terms Submit
Water Sewer Expense 2500

Interior Features

Laundry Features None

Exterior Features

Lot Features Corner Lot
Lot Size Acres 0.1
Lot Size Area 4383
Lot Size Source Assessor
Lot Size Square Feet 4383
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 91001

AVG $3.1M
AVG 140
Year Built
AVG 1926
AVG 80
Data Provided by Walkscore ® not using MLS data

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