Back

1 of 18

2 of 18

3 of 18

4 of 18

5 of 18

6 of 18

7 of 18

8 of 18

9 of 18

10 of 18

11 of 18

12 of 18

13 of 18

14 of 18

15 of 18

16 of 18

17 of 18

18 of 18

2068 Lake Ave
Altadena, CA 91001

$3,250,000 USD

Land For Sale • 0.57 AC

Property Details

Property Type Land
Lot Size 0.57 AC
Zoning C2 & C3

0 Transit Score

76 Walk Score

Description

Development Highlights 
Offering two parcels totaling 24,744 square feet of C2 Zoned land.  Current parcels include a 9 unit apartment with three garages and laundry facilities on one parcel and a second parcel with a 792 sqft home and detached garage with parking for 12 cars in front.  
Develop new commercial or build more units on the north property.  Information from the county of Los Angeles Zoning appears that 58 low income housing units may  be built with a 4 story building.  Buyer to verify all information.

                
                    Highlights
                
                                Desirable location
                            
                                Low income housing bump available
                            
                                Rental income while planning project

Financial Summary (Actual)

Net Operating Income: $143,562 USD (2022)

Total Expenses:

$80,846 USD

Public Transportation

Airport	Drive	Walk	Distance
Bob Hope	27 min	-	19.2 mi
Los Angeles International	45 min	-	27.9 mi
Long Beach (Daugherty Field)	47 min	-	29.3 mi

John Fredrickson 626-688-9890 Sotheby's International Realty

2068 Lake Ave Altadena, CA 91001