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    55 South Lake Ave Pasadena, CA 91101
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    Property profile & analytics

    55 South Lake Ave Pasadena, CA 91101

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    • Office buildings
    • 219,347 SF
    • 0.83 lot acres
    For Lease
    $4 SF/Yr
    View Listing →
    Pasadena Towers Office Space For Lease
    $4 SF/Yr
    40,240 SF

    Pasadena Towers Office Space

    Prestigious corner location at South Lake and East Colorado.

    55 South Lake Avenue, Pasadena, CA 91101
    View Listing
    Property ID
    US09-6240871
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 美国人寿保险 | 投资理财、退休遗产规划、教育基金、退休年金 | Life Insurance / Insurance Agency
    • New York Life Insurance Co - Anna Yang, MBA / Insurance Agency
    • Pasadena Group / Bank / Credit Union
    • Bank of America Business Capital / Bank / Loan Service
    • City National Bank / Bank / Loan Service

    Property Details for 55 South Lake Ave

    Year built
    1991
    Construction
    STEEL FRAME
    Lot size
    0.83 lot acres
    Property size
    219,347 SF
    Zone code
    PSC-
    Property type
    Office buildings
    APN
    5734-013-027
    APU
    5734013027

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.133
    Latitude
    34.145
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,478,192
    $8,356,216
    $121,861,532
    $130,217,748
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $890,000
      3,772 SF

      540 El Dorado St

      OFFICE BUILDING • 3,772 SF
      540 El Dorado St, Pasadena, CA 91101-2558
      View Details
    • Value Estimation
      $17,245,000
      79,194 SF

      299 Euclid Ave

      OFFICE BUILDING (MULTI-STORY) • 79,194 SF
      299 Euclid Ave, Pasadena, CA 91101-1582
      View Details
    • Value Estimation
      $2,570,000
      12,815 SF

      424 Lk Ave

      OFFICE BUILDING • 12,815 SF
      424 Lk Ave, Pasadena, CA 91101-1200
      View Details
    • Value Estimation
      $24,815,000
      76,726 SF

      80 Lk Ave

      OFFICE BUILDING (MULTI-STORY) • 76,726 SF
      80 Lk Ave, Pasadena, CA 91101-2615
      View Details
    • Value Estimation
      $1,790,000
      9,000 SF

      388 Lk Ave

      OFFICE BUILDING • 9,000 SF
      388 Lk Ave, Pasadena, CA 91101-3508
      View Details
    • Value Estimation
      $5,185,000
      24,283 SF

      141 Madison Ave

      PROFESSIONAL BUILDING • 24,283 SF
      141 Madison Ave, Pasadena, CA 91101
      View Details

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    • Contact for pricing
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      Multi-Tenant Office Building Portfolio

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      View Details
    • $5,995,000
      7,774 SF

      Historic Pasadena Office Building

      Two-story office building in Pasadena's Playhouse Historic District.
      489 East Colorado Blvd, Pasadena, CA 91101
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      116,458 SF

      Pasadena Office Sublease Opportunity

      1980 SF Office, Parking, Great Location
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    • $20,000,000
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      Historic Pasadena Office Building

      Prime location, Craftsman-style, 25,040 SF
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    • $2,598,000
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      Pasadena Creative Garden Office Building

      Two-story, 5,012 SF creative office in Pasadena's Playhouse District.
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    • Contact for pricing

      Prime Retail Space in Pasadena

      Retail space in AC Hotel, Playhouse Village, Rose Parade Route.
      550 E Colorado Blvd, Pasadena, CA 91101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Building Fully Leased

      Office building in Pasadena, CA, currently 100% leased.
      89 S Lake Ave, Pasadena, CA 91101
      View Details
    • $4 SF/Yr
      73,003 SF

      Pasadena Towers Office Space

      Prestigious corner location at South Lake and East Colorado.
      800 East Colorado Blvd, Pasadena, CA 91101
      View Details
    • $3 SF/Yr
      65,484 SF

      Class A Office Space

      Centrally located office building with conference and fitness center access.
      35 North Lake Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing
      15,000 SF

      Pasadena Office Space Available

      15,000 sqft office space for rent in Pasadena.
      101 S Marengo Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing

      Mid-Century Modern Pasadena Office Building

      Unique architectural office space in Pasadena for lease.
      479 South Marengo Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing

      Class A Office Building Pasadena

      Class A office building in Playhouse Village with parking.
      2 N Lake Ave, Pasadena, CA 91101
      View Details

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      3.3k
    • Avg Time on site
      26 min
    View Listing
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    Pasadena, CA 91101
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    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.

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