Active
1979 Lake AVE
ALTADENA CA, 91001
$2,900,000
$343.52 per sqft
Active
3 Beds
5 Baths
8,442 sqft
Multi-family
Built in 1942
1979, 1985, 1995, 2003 Lake Avenue - This exceptional mixed-use property includes four one-story buildings on four adjacent parcels, all built in 1942. Each building boasts a pitched composition shingled roof and a raised foundation. Zoned as C-2 "Neighborhood Commercial," the property offers versatile opportunities for residential, retail, and office uses. Available for sale as a package, with potential for individual parcel sales. 2003 Lake can be purchased separately for $795,000. This property presents a unique investment opportunity with a blend of commercial and residential potential. Interested buyers are encouraged to perform their own due diligence, particularly concerning rental regulations and property registration requirements in Unincorporated Los Angeles County. Total Building Square Feet: 8,442 (9,302 including unpermitted addition). Lot Size: 20,013 sq ft (All 4 parcels). Utilities: 10 Electric meters. 8 Gas Meters. Plumbing: Mixed upgrades; original plumbing presumed in some areas. Roofs: Some roofs replaced; others may need replacement. Pitched composition shingled roof. Electrical: Most sub panels and main panels have been replaced. Unit Amenities: Washer/dryer hookups, wall A/C, central A/C or mini-splits; select units feature dishwashers, upgraded laminate flooring, granite counters, and new cabinets. Parking: 21 spaces total (9 garage, 12 open); accessed from the back alley with rolled composition roofs on garages. Billboard: Generates $125/month; lease expires in 2030. 6 of 10 units are without tenants. Potential development site.
WS24147037MR
MLSⓇ ID
July 17, 2024
Listed
September 13, 2024
Updated
Map
1979 Lake AVE
ALTADENA CA, 91001
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
5
Laundry Description
Washer Hookup
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.46 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Altadena
Days on Market
51
Garage
Yes
Garage Spaces
9
Parking Total
21
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LCC2*
Listing History
Date | Event | Price |
---|---|---|
9/3/2024 | Price change | $2,900,000 -10% |
Listed by KEVIN LUTZ with Keller Williams Realty/Pasadena
Listing Contact: 626-204-3475
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/13/2024