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2052 N Lake Avenue - Piper Professional Bldg, Altadena, CA

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2052 N Lake Avenue - Piper Professional Bldg

Altadena, CA 91001-2450 - Pasadena/Arcadia/Monrovia Submarket


Property Type:Office Sub Type:Medical Status:Existing Year Built:1928
Stories:1 Typical Floor:9,299 SF Building Size:9,299 SF
For Sale Price:$2,950,000 Price/SF:$317.24
Cap Rate:1.21 %
Parking:Free Surface spaces are available; Ratio of 3.87/1,000 SF Amenities:24/7 Building Access, Bus Line



Sale Notes:
The subject property is a 9,299 square foot medical office building located in Altadena, CA. The current owners are completing renovation to the property. Renovations include, but are not limited to, newly paved and striped parking lot, new plumbing, new roof, new HVAC units, new garden patio, new stucco and more. The building is a former clinic and has a surgery room as well as an x-ray room. Currently, 48 percent of the building is occupied with Month-To-Month tenants which include a Pharmacy. This property is ideal for an owner/user to either occupy the whole building or keep the current tenants and occupy 52 percent of the building. There are 27 parking spaces along with a private three car garage.
The property is situated in a prime area of Altadena, CA. Altadena is located approximately 3.5 miles north of Pasadena and the property enjoys easy access to the 210 freeway.
SBA Financing is available for owner/users with 10% down payment and rates as low as 5.5 percent fixed for 20-25 years!

Marcus & Millichap
Martin D Agnew
(818) 212-2700

Reza Ghobadi
(818) 212-2700 x2759

Jessica Kelley
(818) 212-2776




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