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    495-505 Lake Ave Pasadena, CA 91101

    For Lease
    Contact for pricing

    Prime Pasadena location, multiple spaces

    Lot size:
    24,366 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, located at 495-505 S Lake Ave in Pasadena, CA 91101, offers two available spaces totaling 13,500 square feet of vacant space within a larger 24,366 square foot building. The property boasts a highly desirable location on a vibrant retail corridor, surrounded by a mix of national brands, contemporary retailers, and restaurants, creating a thriving destination. The building, constructed in 1954, features expansive storefronts ideal for prominent branding and flagship opportunities. Spaces are divisible to a minimum of 4,000 square feet and a maximum contiguous space of 9,500 square feet. One space offers approximately 4,000 square feet with a 1,250 square foot mezzanine, while the other offers approximately 9,500 square feet with an 1,800 square foot mezzanine. Both spaces benefit from high ceilings, excellent natural light, and convenient on-site parking (approximately 60 spaces, or 2.71 spaces per 1,000 square feet). The property's prime location ensures high foot traffic from both office workers and local residents. Nearby establishments include Talbots, Pavilions, Curative Yoga, Casper, Susiecakes, Terra, Coffee Bean & Tea Leaf, Macy's, CAVA, Barry's Bootcamp, LA Fitness, Ross, Pie 'n Burger, Williams Sonoma, and Soul Cycle. This presents a unique opportunity for businesses seeking a prominent presence in a thriving Pasadena retail environment. Los Angeles County location.

    Property Features for 495-505 Lake Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,366 SF

    Building Details

    Year Built
    1954

    Unit(s) available at that property

    Space
    1st Floor, Suite 495-505
    Size
    4,000 SF
    Space
    1st Floor, Suite 511
    Size
    9,500 SF

    HighLights

    • High ceilings throughout.
    • Excellent foot traffic in a high‑visibility location.
    • Building features prominent signage opportunities.
    • Abundant natural light.
    • On‑site parking for approximately 60 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ann Taylor Women'S Clothing Store

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1326577
    Latitude
    34.1372721

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    FAQs

    What type of property is this?
    Retail property - Prime Pasadena location, multiple spaces
    Where is this retail property located?
    The property is located at 495-505 Lake Ave Pasadena, CA.
    What are key features of this property?
    This property features: High ceilings throughout.; Excellent foot traffic in a high-visibility location.; Building features prominent signage opportunities.
    Request Owner's contact information
    495-505 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
    495-505 Lake Ave Pasadena, CA 91101
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