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    396 Lake Ave Pasadena, CA 91101

    For Lease
    Contact for pricing

    Prime Pasadena retail space, 8,250 sq ft, high visibility.

    Lot size:
    8,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,250-square-foot retail space is located at 396 S Lake Ave in Pasadena, California, 91101, within Los Angeles County. Built in 1952, the single-tenant property offers a significant branding opportunity with a massive storefront along a high-traffic thoroughfare, benefiting from both office worker and local consumer traffic. The building boasts dual entrances for convenient access and ample parking. A unique feature is the approximately 16-foot high exposed bow truss ceiling. The property includes 10 parking spaces per 1,000 square feet of building space, with 500 free parking spaces located at the rear of the building. The entire 8,250 square feet is currently vacant, presenting a blank canvas for a new tenant to establish a prominent presence on this prestigious Pasadena retail strip, alongside a mix of national brands and local businesses. This location offers a compelling opportunity for a retailer seeking high visibility and convenient access in a thriving commercial area.

    Property Features for 396 Lake Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,250 SF

    Building Details

    Year Built
    1952

    Unit(s) available at that property

    Space
    Available Space
    Size
    8,250 SF

    HighLights

    • High‑profile retail storefront.
    • Strong co‑tenancy on Lake Avenue.
    • 500 free, 2‑hour parking spaces in rear lot.
    • Corner location at a signalized intersection with pedestrian crosswalk on Lake Avenue.
    • Attractive exposed bow truss ceiling and sandblasted brick interior.
    • High daily vehicular traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Draper’s, 1952 - Architect: ... Historical Landmark

    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
    -118.1316977
    Latitude
    34.1389911

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    FAQs

    What type of property is this?
    Retail property - Prime Pasadena retail space, 8,250 sq ft, high visibility.
    Where is this retail property located?
    The property is located at 396 Lake Ave Pasadena, CA.
    What are key features of this property?
    This property features: High-profile retail storefront.; Strong co-tenancy on Lake Avenue.; 500 free, 2-hour parking spaces in rear lot.
    Request Owner's contact information
    396 Lake Ave 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
    396 Lake Ave Pasadena, CA 91101
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