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2117 LAKE AVE
ALTADENA, CA 91001-2462
Asking Price
$895K
Asset Type
Residential Land
Class
Class B
What's Special
Commercial Land on Lake | 2117 Lake Ave, Altadena, CA | 9,077± SF C3 Zoning <ul><li>±9,000 SF commercial parcel on highly visible Lake Avenue</li><li>Valuable C3 zoning allowing a variety of commercial and mixed-use uses (Buyer to verify)</li><li>Former office building site; now a redevelopment opportunity</li><li>Prime location within Altadena's rebuilding and revitalization corridor</li><li>Excellent street frontage and exposure</li><li>Strong traffic counts and commuter visibility</li><li>Utilities previously serviced the site</li><li>Existing curb cuts provi
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NOI
$80,000
Cap Rate
8.94%
DSCR
1.51
Strong
Cash-on-Cash
10.01%
Monthly Payment
$4,427.972
Annual Cash Flow
$26,864.34
