Entitled Mixed-Use Development
For Sale
Contact for pricing
141 S Lake Ave, Pasadena, CA 91101
Approved and entitled for a mixed-use project with restaurant space and multifamily units in Pasadena, CA.
Property SizeContact for details
Days on Market126
Property Features for 141 S Lake Ave
General Information
Standard status
Active
Property subtype
Land
Additional Details
Multifamily Units
134
Listing Agency:
Cranbrook Realty Corp
(818) 550-0760
Listed By:
Roobik Ovanesian · License #CA 00997117
Source:
Crexi
Added: Apr 7
Changed: Aug 8
Last Checked: Apr 7 at 10:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cranbrook Realty Corp
Investment Insights
Based on property information with market context.
This development site is currently approved and entitled for a mixed-use project with 134 apartment units and 4,000+/- square feet of restaurant space. The entitlements also allow for the possibility of re-entitling for 167 units by using a new density bonus, with the option to add ADUs.
The property is located at 141 S Lake Ave, Pasadena, CA 91101. The offering is also presented as suitable for a hotel development concept of approximately 300 rooms, subject to the applicable re-entitlement and approvals.
As presented, the asset is positioned for multifamily and mixed-use redevelopment with flexible pathways depending on the final approved project design and permitting outcomes.
The property is located at 141 S Lake Ave, Pasadena, CA 91101. The offering is also presented as suitable for a hotel development concept of approximately 300 rooms, subject to the applicable re-entitlement and approvals.
As presented, the asset is positioned for multifamily and mixed-use redevelopment with flexible pathways depending on the final approved project design and permitting outcomes.
Key Highlights
- Approved and entitled mixed‑use project in Pasadena, CA
- Entitled for 134 apartment units plus 4,000+/- sq. ft. restaurant space
- Can be re‑entitled for 167 units with a new density bonus
Property Analytics
Property Profile
Current Use
Lease Details
134
Residential units
Location Intelligence
Trade Area within ½ mile
8,462
Businesses Nearby
Explore this area
Business Placement
Demographics for 91101, CA
20,583
Population
12,400
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
15,833
Density / Sq Mi
$94,180
Median Household Income
$62,458
Median Earnings
$2,282
Median Rent
$687,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved and entitled for a mixed-use project with restaurant space and multifamily units in Pasadena, CA.
Where is this residential land & home lot located?
The property is located at 141 S Lake Ave Pasadena, CA.
What are key features of this property?
This property features: Approved and entitled mixed‑use project in Pasadena, CA; Entitled for 134 apartment units plus 4,000+/- sq. ft. restaurant space; Can be re‑entitled for 167 units with a new density bonus
