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Altadena, CA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Altadena, California Market population: 45K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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3 properties found
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πŸ“Š Average Cap Rate For Altadena CA Properties: 6.68%

⭐ Featured

Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF

πŸ“Š Avg Property Tax Rate For Altadena CA Properties: 1.2400%

⭐ Featured

Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF

Investor Questions For Altadena CA

Common questions from investors exploring commercial real estate in Altadena CA.

What makes Altadena, CA an attractive market for real estate investment? +
The combination of a relatively low poverty rate of 8.9%, high health insurance coverage of 92.3%, and a strong median household income of $82,895 suggests a stable and desirable market for investment, with a diverse population and top industries like Public Administration and Finance & Insurance driving demand.
How does the commute time and transportation infrastructure impact the quality of life for renters in Altadena? +
The average commute time of 27.5 minutes, with 73.2% of residents driving alone and 7.3% working from home, indicates a relatively convenient and flexible commute, while the 4.2% usage of public transportation suggests room for improvement, but overall supports a decent quality of life for renters, especially with a high health insurance rate of 92.3%.
What are the implications of the top ethnicities and foreign-born rate for real estate investors in Altadena? +
The diverse population with top ethnicities including White, White Non-Hispanic, and Hispanic, along with a foreign-born rate of 24.5%, suggests a culturally rich and potentially resilient market, with a GINI coefficient of 0.482 indicating some income inequality, but the strong median property value of $560,000 and high homeownership rate of 72.8% point to a stable investment environment.
How do the top industries in Altadena influence the local real estate market? +
The presence of top industries like Public Administration, Information, and Finance & Insurance, & Real Estate & Rental & Leasing drives demand for housing, with a relatively low poverty rate of 8.9% and high median household income of $82,895 supporting a stable tenant base, and the average commute time of 27.5 minutes facilitating access to employment opportunities, making Altadena an attractive market for investors.
What are the key factors to consider when evaluating the potential for long-term appreciation in Altadena's real estate market? +
The combination of a strong median property value of $560,000, relatively low poverty rate of 8.9%, and high health insurance coverage of 92.3%, along with a diverse population and top industries driving demand, suggests potential for long-term appreciation, while the GINI coefficient of 0.482 and average commute time of 27.5 minutes should be monitored for their impact on market stability and tenant quality.

Altadena CA Real Estate & City Facts

Key facts and real estate information about Altadena CA.

What are some of the best neighborhoods to live in Altadena? +
Some of the best neighborhoods to live in Altadena include Central Altadena, La Vina, and the southeast parts of the city. These areas are known for their historic charm, diversity, and spacious residences within secure gated enclaves.
What are some fun things to do in Altadena? +
There are plenty of fun things to do in Altadena, such as hiking the Mount Lowe Railway trail, exploring the Echo Mountain Hiking Trails, and visiting the Enchanted: Forest of Light at Descanso. You can also check out the Neon Retro Arcade, World of Racing, and the Bunny Museum for some unique experiences.
What is the food scene like in Altadena? +
The food scene in Altadena is diverse and exciting, with a range of restaurants serving different cuisines. Some popular spots include Nancy's Greek Cafe, El Patron Mexican Food Restaurant, and Betsy. You can also find great breakfast spots like Millie's and high-end dinner options like Bacchus'.
What are the pros and cons of living in Altadena? +
The pros of living in Altadena include its historic charm, diverse community, and plenty of outdoor activities. However, some cons include the high cost of living, traffic, and limited nightlife options. Overall, Altadena is a great place to live for those who value a peaceful and natural environment.
Is Altadena a good place to live? +
Yes, Altadena is a good place to live for those who value a peaceful and natural environment, with a strong sense of community and plenty of outdoor activities. While it may have some drawbacks, such as high costs and limited nightlife, the pros outweigh the cons for many residents. With its unique blend of historic charm and modern amenities, Altadena is a great choice for families, professionals, and anyone looking for a relaxed and scenic place to call home.

πŸ“Š Average Income For Altadena CA Commercial Property: $82,895

⭐ Featured

7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate

$2,100,000
Long Beach Multifamily

Discover a compelling value-add opportunity in the heart of Long Beach, California. This 7-unit multifamily property, lo...

Cap Rate 7.00%
NOI $144,960
Size 6,074 SF
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