Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake Ave Pasadena, CA 91104
    Back to Search
    Property profile & analytics

    Lake Ave, Pasadena, CA 91104

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Lake Ave

    Property type
    Land
    Property subtype
    Hospitality properties

    Description

    This exceptional investment opportunity presents a well-established Mexican restaurant in Pasadena, California, located on N Lake Avenue, zip code 91104. The property, priced at $185,000, includes a fully equipped commercial kitchen featuring a walk-in refrigerator and freezer. All existing equipment and fixtures are included in the sale, ensuring a seamless transition for the new owner. The business boasts a strong reputation within the community, having operated successfully for over 35 years. Currently operating seven days a week from 9:30 AM to 9:30 PM, the restaurant offers significant potential for increased revenue with the option to extend operating hours to 24/7. The property is classified as Hospitality and Land, offering a unique blend of established business and real estate investment. This turnkey operation is ideal for an experienced restaurateur or a savvy investor seeking a profitable venture in a desirable location. The property's prime location in Pasadena, Los Angeles County, ensures high visibility and accessibility. Serious inquiries only; please do not disturb employees. This is a rare chance to acquire a thriving business with a long history of success. The sale includes all equipment and fixtures, minimizing start-up costs and maximizing immediate return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.132
    Latitude
    34.1665

    Comparable in this City

    • Value Estimation
      $565,000
      1,680 SF

      1550 Allen Ave

      COMMERCIAL (GENERAL)
      1550 Allen Ave, Pasadena, CA 91104-1622
      View Details
    • Value Estimation by Request
      4,150 SF

      453 Orange Grove Blvd

      Lifestyle centers
      453 Orange Grove Blvd, Pasadena, CA 91104
      View Details
    • Value Estimation by Request
      0.08 Acres

      Pasadena, CA 91104

      VACANT COMMERCIAL LAND
      Pasadena, CA 91104
      View Details
    • Value Estimation by Request
      0.17 Acres

      1416 Lk Ave

      VACANT COMMERCIAL LAND
      1416 Lk Ave, Pasadena, CA 91104-5023
      View Details
    • Value Estimation
      $5,380,000
      0.01 Acres

      2057 Los Robles Ave

      VACANT COMMERCIAL LAND
      2057 Los Robles Ave, Pasadena, CA 91104-1173
      View Details
    • Value Estimation by Request
      0.16 Acres

      1691 Washington Blvd

      VACANT COMMERCIAL LAND
      1691 Washington Blvd, Pasadena, CA 91104-2750
      View Details

    Similar Nearby for Sale

    • $1,800,000
      4,068 SF

      Pasadena Mixed-Use Investment Opportunity

      Prime Pasadena location, three buildings, high potential.
      1736 Sierra Bonita Ave, Pasadena, CA 91104
      View Details
    • Contact for pricing
      15,390 SF

      Rare Infill Investment Opportunity

      For sale: infill property with a new 15-year lease.
      1260 N Lake Ave, Pasadena, CA 91104
      View Details
    • $2,800,000

      1922 Spanish-Style Quadruplex on Lake

      Charming 4-unit property with upside potential in Pasadena.
      1157 Lake Ave, Pasadena, CA 91104
      View Details
    • Contact for pricing
      2,087 SF

      Pasadena Multifamily Property For Sale

      Four-unit multifamily property in Pasadena, California.
      1104 Lake Ave, Pasadena, CA 91104
      View Details
    • $725,000

      Freestanding Building in Pasadena For Sale

      Freestanding building with parking near Lake Avenue and Washington Boulevard.
      920 East Washington Blvd, Pasadena, CA 91104
      View Details
    • $2,499,000

      Pasadena Multi-Unit Income Property

      Remodeled multi-unit property with ADUs in Northeast Pasadena.
      1670 N Oxford Ave N, Pasadena, CA 91104
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Pasadena

      Retail space for lease in desirable Pasadena location.
      1392 E Washington Blvd, Pasadena, CA 91104
      View Details
    • Contact for pricing
      4,068 SF

      Pasadena Mixed-Use Commercial Property

      Mixed-use property featuring commercial buildings and a single-family home.
      1736 N Sierra Bonita Ave, Pasadena, CA 91104
      View Details
    • Contact for pricing

      Retail Space on Washington Boulevard

      Retail space in a high-traffic Pasadena neighborhood.
      1521 E Washington Blvd, Pasadena, CA 91104
      View Details
    • $1,900 /Mo

      Pasadena Apartment in Quiet Complex

      536 sqft apartment in a quiet, landscaped Pasadena complex.
      999 N Lake Ave, Pasadena, CA 91104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Lake Ave
    Pasadena, CA 91104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lake Ave, Pasadena, CA, 91104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!