$1,500,000
●
Land -
For Sale
2427 Lake
Altadena, CA 91001
Studio
0 Bath
$7,366
Est. Monthly
About This Property
6,050 Sq.ft Lot Size. Rare opportunity to acquire commercial land
in the heart of Altadena. The existing structure was lost in a
recent fire, leaving a cleared site ready for redevelopment. This
offering is for land value only, presenting a blank slate for
investors, developers, or owner-users looking to build new.
Zoned for commercial use (buyer to verify permitted uses), the property offers strong frontage and visibility along Lake Avenue, a well-traveled corridor surrounded by established businesses and residential neighborhoods. Ideal for retail, office, mixed-use, or other commercial development.
Utilities previously connected (buyer to verify status). Excellent upside potential in a growing area with high demand for new commercial projects.
Zoned for commercial use (buyer to verify permitted uses), the property offers strong frontage and visibility along Lake Avenue, a well-traveled corridor surrounded by established businesses and residential neighborhoods. Ideal for retail, office, mixed-use, or other commercial development.
Utilities previously connected (buyer to verify status). Excellent upside potential in a growing area with high demand for new commercial projects.
Unit Size
-
Days on Market
206 days
Land Size
0.14 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1966
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (CRMLS #CV26069796)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2026 | Listed by AGENCY 8 REAL ESTATE GROUP | $1,500,000 | |
| Listed by AGENCY 8 REAL ESTATE GROUP | |||
Property Highlights
Exterior Details
Lot Features: ZeroToOneUnitAcre
Lot Size Area: 6050
Lot Size Units: Square Feet
Lot Size Acres: 0.1389
Lot Size Square Feet: 6050
Tax Lot: 4
Water Source: Public
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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ft²
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Listed On
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Sold On
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HOA + Taxes
About Altadena
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Listed by: Abraham Prattella, AGENCY 8 REAL ESTATE GROUP
Last Updated: 2 months ago
Data Source: CRMLS, MLS# CV26069796
Last Updated: 2 months ago
Data Source: CRMLS, MLS# CV26069796
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