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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

396 Lake Ave Pasadena, CA 91101

8,250 SF Built 1952
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1952
Total area 8,250 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Draper’s, 1952 - Architect: H. Roy Kelley Tour Operator
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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