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 7, 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 Craig & David Homes 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 9/7/2024

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