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Investment Highlights
- ±9,000 SF commercial parcel on highly visible Lake Avenue
- Former office building site; now a redevelopment opportunity
- Existing curb cuts provide convenient site access
- Valuable C3 zoning allowing a variety of commercial and mixed-use uses (Buyer to verify)
- Prime location within Altadena's rebuilding and revitalization corridor
- Rare chance to help shape the future of North Lake Avenue
Executive Summary
* ±9,000 SF commercial parcel on highly visible Lake Avenue
* Valuable C3 zoning allowing a variety of commercial and mixed-use uses (Buyer to verify)
* Former office building site; now a redevelopment opportunity
* Prime location within Altadena's rebuilding and revitalization corridor
* Excellent street frontage and exposure
* Strong traffic counts and commuter visibility
* Utilities previously serviced the site
* Existing curb cuts provide convenient site access
* Near residential neighborhoods, retail amenities, and the San Gabriel foothills
* Potential opportunity for investors, developers, or owner-users
* Surrounded by ongoing redevelopment and reconstruction activity
* Rare chance to help shape the future of North Lake Avenue
Located along the highly visible Lake Avenue corridor, this approximately 9,000 square foot parcel presents a compelling opportunity for investors, developers, and owner-users seeking a premier redevelopment site in the heart of Altadena. Formerly improved with a freestanding office building that was lost in the Eaton Fire, the property now offers a rare blank canvas with valuable C3 zoning, allowing for a wide range of commercial and mixed-use possibilities (Buyer to verify all development potential with the appropriate governmental agencies).
As Altadena continues its recovery and rebuilding efforts, North Lake Avenue is emerging as one of the area's most significant revitalization corridors. Nearby property owners have already begun pursuing approvals for new mixed-use and residential developments, creating momentum for long-term growth and reinvestment. The site benefits from excellent street visibility, strong traffic counts, convenient access to surrounding residential neighborhoods, and close proximity to the San Gabriel foothills and recreational amenities that contribute to Altadena's enduring appeal.
With existing utility connections, established curb cuts, and a strategic location along one of the community's primary commercial thoroughfares, this property offers a unique opportunity to participate in the next chapter of Altadena's redevelopment and resurgence.
* Valuable C3 zoning allowing a variety of commercial and mixed-use uses (Buyer to verify)
* Former office building site; now a redevelopment opportunity
* Prime location within Altadena's rebuilding and revitalization corridor
* Excellent street frontage and exposure
* Strong traffic counts and commuter visibility
* Utilities previously serviced the site
* Existing curb cuts provide convenient site access
* Near residential neighborhoods, retail amenities, and the San Gabriel foothills
* Potential opportunity for investors, developers, or owner-users
* Surrounded by ongoing redevelopment and reconstruction activity
* Rare chance to help shape the future of North Lake Avenue
Located along the highly visible Lake Avenue corridor, this approximately 9,000 square foot parcel presents a compelling opportunity for investors, developers, and owner-users seeking a premier redevelopment site in the heart of Altadena. Formerly improved with a freestanding office building that was lost in the Eaton Fire, the property now offers a rare blank canvas with valuable C3 zoning, allowing for a wide range of commercial and mixed-use possibilities (Buyer to verify all development potential with the appropriate governmental agencies).
As Altadena continues its recovery and rebuilding efforts, North Lake Avenue is emerging as one of the area's most significant revitalization corridors. Nearby property owners have already begun pursuing approvals for new mixed-use and residential developments, creating momentum for long-term growth and reinvestment. The site benefits from excellent street visibility, strong traffic counts, convenient access to surrounding residential neighborhoods, and close proximity to the San Gabriel foothills and recreational amenities that contribute to Altadena's enduring appeal.
With existing utility connections, established curb cuts, and a strategic location along one of the community's primary commercial thoroughfares, this property offers a unique opportunity to participate in the next chapter of Altadena's redevelopment and resurgence.
Property Facts
1 Lot Available
Lot
| Price | $895,000 | Lot Size | 0.20 AC |
| Price Per AC | $4,475,000.00 |
| Price | $895,000 |
| Price Per AC | $4,475,000.00 |
| Lot Size | 0.20 AC |
The lot is a rectangle shape approximately 52' x 184'. It has one curb cut from Lake Ave.
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5845-023-019 | Improvements Assessment | $0 |
| Land Assessment | $639,783 | Total Assessment | $639,783 |
Property Taxes
Parcel Number
5845-023-019
Land Assessment
$639,783
Improvements Assessment
$0
Total Assessment
$639,783
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2117 Lake Ave



