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    2472 Lake Avenue

    Altadena, CA 91001
    • $3,100,000
    • STATUS: Active
    • ON SITE: 138 days
    • ID#: IV21056406
    UPDATED: 15 min ago
    $3,100,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,897
      SQFT
    • $348
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1927
    County:

    School Ratings & Info

    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 20s 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

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/115208939
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    2472 Lake Avenue Altadena, CA 91001

    • Price: $3,100,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: IV21056406
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    8,897
    SQFT
    $348
    $/SQFT
    1927
    Built
    Neighborhood:
    604 - Altadena
    County:
    Los Angeles
    Area:
    604 - Altadena
    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 20s 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
    Exterior Features

    Lot Features Corner Lot

    Property Features

    Additional Parcels YN No Common Interest None Electric Expense 2500 Gross Scheduled Income 292260 Insurance Expense 2917 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Terms Submit Maintenance Expense 2400 Net Operating Income 205756 Operating Expense 66046 Property Sub Type Office Special Listing Conditions Standard Trash Expense 2500 Vacancy Allowance 20458 Water Sewer Expense 2500 Water Source Public

    Listing provided courtesy of Albert Le of Le Investment Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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