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2472-2476 Lake Ave
Altadena, CA 91001
Office Property For Sale
Investment Highlights
- Competitive Offering Actual CAP Rate of 4.00%. / ProForma CAP Rate of 6.64% at market rents. (The ProForma CAP Rate is Based on Leasing Vacant Space)
- The Property Was Extensively Renovated by current owner. True Pride Of Ownership, Absolute Turn Key, Financeable Asset. Recent Capital Improvements.
- Below Market Rents Potential For 20+% Increase In Potential Rental Income / Lake Avenue frontage / Onsite Parking / Sqft of Suites Estimated
- SBA Financing May be Available for Well Qualified Buyers. / Ideal For Owner-User. A+ Location for Doctors, Dentists, Lawyers, & LA area professionals
- Lease Comprables Average $3.25 Per Sq. Ft. Currently the Asset is Averaging $1.80 per Sq. Ft. HIGH occupancy location. Ideal for medical/office suites
- Prime AAA Location With Direct Access to Many Regional Thoroughfares. The Property Also Has Abundant Public Transportation Access.
Property Facts
Property Type
Office
Building Size
8,897 SF
Building Class
C
Year Built/Renovated
1927/2018
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,956 SF
Slab To Slab
11’
Building FAR
2.04
Lot Size
0.10 AC
Zoning
C3, County
Parking
10 Spaces (1.14 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Property Taxes
| Parcel Number | 5845-003-001 | Improvements Assessment | $855,576 |
| Land Assessment | $539,438 | Total Assessment | $1,395,014 |
Property Taxes
Parcel Number
5845-003-001
Land Assessment
$539,438
Improvements Assessment
$855,576
Total Assessment
$1,395,014
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