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2450-2460 N Lake Ave 1.27 Acres of Commercial Land Offered at $12,450,510 CAD in Altadena, CA 91001

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EXECUTIVE SUMMARY

Nestled in the heart of Altadena, California, 2450 North Lake Avenue offers an unparalleled redevelopment opportunity on a large 1.276-acre covered land play assemblage, positioned in an area earmarked for substantial resources to rebuild following the devastating Eaton Fires.
Located along the vibrant Lake Avenue corridor, is at the forefront of Altadena’s revitalization, making it a prime redevelopment opportunity in a community poised for revitalization.
The property is home to Webster’s Community Pharmacy, a cherished fixture since 1926, embodying the vintage charm of Altadena’s main corridor. The expansive lot size and prime location provide a rare canvas for visionary redevelopment, leveraging dedicated rebuilding resources to shape the future of this thriving business hub.
Surrounded by beloved local cafes, restaurants, and retailers, the property is a cornerstone of a unique community that values small businesses that provide authentic,
personal experiences. With strong demographics—household incomes exceeding $145,000 within a one-mile radius—and its strategic Pasadena-adjacent location,
this offering is Altadena Strong!
Let's work together with this resilient community to revitalize Altadena’s landscape in the wake of the Eaton Fires devastation.

PROPERTY FACTS

Price $12,450,510 CAD
Sale Type Investment
Sale Conditions
High Vacancy Property
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
Total Lot Size 1.27 AC
Zoning LCC3 - Commercial, Residential & Mixed-Use.

1 LOT AVAILABLE

Lot

Price $12,450,510 CAD
Price Per AC $9,803,550.83 CAD
Lot Size 1.27 AC

DESCRIPTION

Unparalleled redevelopment opportunity on a large 1.276-acre covered land play assemblage in Altadena. Altadena is an unincorporated community in Los Angeles County, nestled within the foothills of the San Gabriel Mountains in the San Gabriel Valley. Bordered by wilderness on three sides, including the Arroyo Seco, Angeles National Forest, and Eaton Canyon, and by the city of Pasadena to the south, Altadena sits just 14 miles north of Downtown Los Angeles.

Walk Score®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5845-003-036
  • 5845-003-034
  • 5845-003-037
  • 5845-003-005
Land Assessment
$7,837,308 CAD
Improvements Assessment
$2,548,816 CAD
Total Assessment
$10,386,124 CAD
  • Listing ID: 37915086

  • Date on Market: 2025-08-11

  • Last Updated:

  • Address: 2450-2460 N Lake Ave, Altadena, CA 91001

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