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    232 N Lake Ave Pasadena, CA 91101

    For Lease
    $2 SF/Yr ($4,523 /Mo)

    Two-parcel property ideal for office, retail, or mixed-use tenants.

    Property size:
    21,712 SF
    Lot size:
    21,712 SF

    Property Features for 232 N Lake Ave

    General Information

    Size
    21,712 SF

    Building Details

    Year built
    1956

    Source: Ana Soulriver Agent Ana Soulriver

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pasadena Building and Land Parcels

    Located in Pasadena's established Lake Avenue Business District, this property features a \u00b121,712 square foot building on \u00b117,508 square feet of land, plus an adjacent \u00b118,027 square foot parcel. The location, just off the 210 Freeway, provides excellent accessibility and visibility. The property is suitable for office, creative, retail, or mixed-use tenants. It offers flexible space, on-site parking, and prime Lake Avenue frontage. The location is surrounded by major employers, retailers, and restaurants. The adjacent parcel offers parking, storage, or expansion potential. Lease terms are available from 3 to 5 years (or terms acceptable to owner).
    Insight Report Location Intelligence

    Current Use by Public Records

    Jaycocal Engineering Engineer Alliance Française de ... French Language School The Pelvic Model Physical ... Physical Therapy Clinic Residents Match Consultant Hearken Creative Services Marketing Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1319322
    Latitude
    34.1500031

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    FAQs

    What type of property is this?
    Office space - Two-parcel property ideal for office, retail, or mixed-use tenants.
    Where is this office space located?
    The property is located at 232 N Lake Ave Pasadena, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Prime Lake Avenue Location: High-visibility in Pasadena's established Lake Avenue Business District.; - Two-Parcel Offering: Includes a ±21,712 SF building and an adjacent ±18,027 SF land parcel.; - Flexible Use Potential: Suitable for office, creative, retail, or mixed-use tenants.
    (626) 399-5283
    Request Owner's contact information
    232 N Lake Ave Pasadena, CA 91101
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    Pasadena, CA 91101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232 N Lake Ave Pasadena, CA 91101
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