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Chase Plaza 2333 Lake Avenue, Altadena, CA 91001
Office Retail
Property Description
Introducing CHASE PLAZA - a lucrative investment opportunity located at 2333 N Lake Ave, Altadena, CA.
This fully occupied office/retail building boasts a prime spot in Los Angeles County, offering a 26,249 SF space on a 1.17-acre lot. With a solid NOI of $480,880 (current) and $10,500,000 price tag, this property presents a 4.58% cap rate, showcasing its financial potential. Built-in 1959 and renovated in 1991, the property features modern amenities such as LED lighting, concrete parking surface with 92 parking spaces, and a convenient NNN/MG lease type. 100% Occupied building with well established anchor tenants. The demographics within 1, 3, and 5 miles reflect a strong market with population and income levels conducive to business growth. Don't miss out on this incredible investment opportunity at CHASE PLAZA, where a bustling location meets a solid financial profile, making it a standout property in the Altadena market.
Highlights
Market Highlights for CHASE PLAZA at 2333 N Lake Ave, Altadena, CA
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Prime Location: Situated in the heart of Los Angeles County, offering high visibility and easy access.
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Fully Occupied: 100% occupancy with well-established anchor tenants, ensuring steady income.
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Substantial Space: 26,249 SF on a 1.17-acre lot, accommodating both office and retail needs.
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Solid Financials: Current NOI of $480,880 and a price tag of $10,500,000, presenting a 4.58% cap rate.
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Modern Amenities: Features LED lighting, a concrete parking surface with 92 spaces, and a convenient NNN/MG lease type.
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Renovated and Upgraded: Originally built in 1959 and renovated in 2023, with a brand new roof in 2023.
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Supportive Demographics: Strong market demographics within 1, 3, and 5 miles, with population and income levels conducive to business growth.
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High Investment Potential: A lucrative opportunity in a bustling location with a solid financial profile.
Full Address: 2333 Lake Avenue, Altadena, CA 91001
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Building Class: B
Zoning: C3
Region: W-WP
County: Los Angeles County
Closest Cross Streets: Lake Ave and Mendocino St
Use Type: Office / Retail
Property ID: 4041613
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Broadband: Yes
Heating: Yes
Lighting: Yes
Cooling: Yes
Has Gas: Yes
Has Sprinkler: Yes
Traffic Count: 20000 VPD
Roof: Cool Roof Installed 2023
Building Sf: 26249
Parcel Num: 5845-019-017
Number Units: 5
Number Buildings: 1
Year Built: 1959
Year Renovation: 2023
Free Standing: Yes
Number Parking Spaces: 92
Cap Rate: 4.58
Tenancy Type: Multi-Tenant Anchored
Market Highlights for CHASE PLAZA at 2333 N Lake Ave, Altadena, CA Prime Location: Situated in the heart of Los Angeles County, offering high visibility and easy access. Fully Occupied: 100% occupancy with well-established anchor tenants, ensuring steady income. Substantial Space: 26,249 SF on a 1.17-acre lot, accommodating both office and retail needs. Solid Financials: Current NOI of $480,880 and a price tag of $10,500,000, presenting a 4.58% cap rate. Modern Amenities: Features LED lighting, a concrete parking surface with 92 spaces, and a convenient NNN/MG lease type. Renovated and Upgraded: Originally built in 1959 and renovated in 2023, with a brand new roof in 2023. Supportive Demographics: Strong market demographics within 1, 3, and 5 miles, with population and income levels conducive to business growth. High Investment Potential: A lucrative opportunity in a bustling location with a solid financial profile.