155 Lake AvePasadena, CA 91101

Property Details for 155 Lake Ave

Year built

1983

Construction

STEEL FRAME

Lot size

2.09 AC

Property size (Sq ft)

220,890 SF

Zone code

PSC-

Property type

Office properties

Property subtype

Office buildings

APN

5723-011-028

APU

5723011028

Description

This Class A office building, located at 155 N. Lake Suite 800, Pasadena, CA 91101, in Los Angeles County, offers a diverse range of executive office, coworking, and creative office spaces. The 19,263 square foot building features 350 suites, with 5,970 square feet currently vacant. Units are available from a minimum of 10 square feet up to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The building underwent renovations in 2019 and boasts modern amenities including elevators. Its prime location in Pasadena offers easy access to the California Institute of Technology and numerous other businesses. The building's convenient location and flexible space options make it an ideal choice for businesses seeking a prestigious and functional workspace. Enjoy the on-site cafe and outdoor terrace, perfect for collaborative work or relaxation. The building's multiple tenancy structure allows for a variety of lease options to suit individual business needs. This exceptional property provides a blend of modern design and convenient amenities in a highly desirable Pasadena location. The building's high-profile address and proximity to key businesses make it an excellent choice for companies looking to establish or expand their presence in the area.

• CAP approach

  CAP return

  Valuation

  6%

  $59,189,420

  6.5%

  $54,636,388

  7%

  $50,733,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $41,829,548

  Geo Method

  $42,004,444

• Alternative Use

  Use

  Valuation

  Residential

  $67,749,120

  Hospitality

  $62,057,828

  Educational

  $51,631,384

  Medical

  $53,407,068

  Retail

  $80,315,488

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1485

Longitude

-118.133

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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