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Property profile & analytics
FOR LEASE
Investment properties

510 N Lake Ave Pasadena, CA 91101

5,585 SF 0.19 ac lot Built 1961
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6392012
Property summary
AI-generated overview

This exceptional retail opportunity presents a 5,097 square foot standalone building situated at 510 N Lake Ave in Pasadena, CA 91101. The property boasts a highly visible 55-foot storefront on Lake Avenue, offering excellent exposure to a substantial volume of traffic. With a total of 5,100 square feet currently vacant, this space is divisible into units ranging from a minimum of 2,226 square feet to a maximum contiguous area of 2,871 square feet, providing flexibility for various business needs. Built in 1941, the Class C building sits on a 0.19-acre lot and offers approximately 2.35 parking spaces per 1,000 square feet. Its convenient location is a significant advantage, being just a block and a half north of the 210 Freeway and directly off the 210 Lake Avenue freeway off-ramp. The surrounding area is vibrant, with a concentration of professional offices, retailers, restaurants, and cafes, ensuring high foot traffic and a strong customer base. The property is zoned CL SP-1e (APN: 5732-016-037), making it ideal for a variety of retail uses. This is a rare opportunity to secure a well-located, highly visible retail space in a thriving Pasadena neighborhood.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1961
Construction WOOD
Total area 5,585 SF
Lot 0.19 ac (8,263 SF)
Zoning code PSC-
APN 5732-016-037
UPID US09-6392012
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
  • Amazon Hub Counter - Pro Boxing Equipment Courier Service Postal Service
  • Professional Boxing Equipment (Bike/Boat/Book/etc) Store Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$919k
Blend (final) Blend
$775k
Owner & transaction history
Tova LLC · 6 yrs held
Tova LLC
since 2020
3 recorded transactions
2020
Price N/A
2002
Price N/A
1969
Price N/A
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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