Altadena Place consists of a ±10,541 SF retail center and ±732 SF residential home in Altadena, California. It features ample parking, with approximately paved parking thirty-nine (39) spaces, seven (7) of which are covered. The retail portion of the Property is 100% occupied by two long-term tenants: Steve’s Pet Store and Abundant Harvest. Steve’s, a longtime family-owned business, recently renewed for five (5) years, showing their commitment to the location. In addition, the residential home is fully leased through September 30th, 2021. Recent façade renovations and tenant signage position the property as one of the highest image storefront retail properties on Lake Avenue. Recent renovations and long-term leases limit any near-term capital requirements for property maintenance and tenant improvements. On-site parking lot with covered parking and storage units utilized by the tenants and their patrons, increasing the probability of long-term tenancy at the property. No existing financing prepayment or assumption penalty in place - pay cash or obtain new financing at historically low rates and long-term tenancy with diversified “mixed-use” income. Property tours are available by appointment ONLY. Please contact Patrick DiCesare at 310-871-5911 or firstname.lastname@example.org to schedule.
Location: 2391 Lake Ave, Altadena, CA 91001