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2427 Lake Ave
Altadena, CA 91001
Land For Sale
·
0.14 AC
Investment Highlights
- Rare 6,050 SF commercial lot in central Altadena.
- Zoned for commercial use; ideal for retail, office, or mixed-use.
- Located in an established, high-demand corridor near Pasadena.
- Strong frontage and traffic exposure along Lake Avenue.
- Utilities previously connected; buyer to verify status.
- Ready for redevelopment with significant long-term upside.
Executive Summary
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.
Property sold as-is. Buyer to conduct all due diligence regarding zoning, rebuilding requirements, and utilities.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.14 AC |
| Property Type | Land | ||
| Zoning | LCC3 - Land Use and Community Character 3 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.14 AC |
| Zoning | LCC3 - Land Use and Community Character 3 |
1 Lot Available
Lot
| Price | $2,075,400 CAD | Lot Size | 0.14 AC |
| Price Per AC | $14,942,868.01 CAD |
| Price | $2,075,400 CAD |
| Price Per AC | $14,942,868.01 CAD |
| Lot Size | 0.14 AC |
6,050 SF commercial lot on Lake Avenue in Altadena. Zoned for commercial use with strong frontage and redevelopment potential in a vibrant corridor.
Description
Located along Lake Avenue, this 6,050 SF parcel is a cleared commercial site positioned for new development. The property’s prior structure was lost to fire, creating a blank canvas for future improvements. Its zoning supports flexible commercial applications subject to buyer verification. The site benefits from strong visibility and easy access in a high-traffic area surrounded by a mix of retail, services, and residential communities. Utilities were previously connected, though buyers should confirm status during due diligence. This location offers excellent connectivity to Pasadena and surrounding urban hubs, with nearby amenities and a consistent customer base. The area continues to evolve, attracting investment and redevelopment interest. With a shortage of available infill parcels, this site represents rare availability for retailers, office users, mixed-use developers, or those seeking long-term hold value. The property is offered as-is, with all due diligence on zoning and building requirements the responsibility of the buyer.
Property Taxes
| Parcel Number | 5845-018-012 | Improvements Assessment | $0 CAD |
| Land Assessment | $257,563 CAD | Total Assessment | $257,563 CAD |
Property Taxes
