396 Lake Ave Pasadena, CA 91101
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.
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Draper’s, 1952 - Architect: H. Roy Kelley Tour Operator
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.