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Chase Plaza 2333 N Lake Ave 26,249 SF 100% Leased Retail Building Altadena, CA 91001 $9,980,000 ($380.20/SF)

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Investment Highlights

  • High visibility and strong traffic exposure
  • Located in a mature, high-demand commercial corridor
  • Easy access to major roads and freeways
  • Ideal for owner-user or investment

Executive Summary

Prime commercial investment opportunity located on busy Lake Ave, a key north–south commercial corridor in Pasadena/Altadena, offering excellent visibility and accessibility. The property features strong street frontage, convenient access to major thoroughfares and freeways, and close proximity to dense residential and commercial neighborhoods.
Positioned near Pasadena’s core commercial districts—including Old Town and South Lake—the location benefits from vibrant retail, dining, office, and cultural destinations that drive consistent daytime traffic and a strong customer base. The surrounding community offers stable household incomes and high home values, supporting demand for retail, restaurant, and professional service uses.
This asset is well-suited for both investors and owner-users seeking a stable presence in a high-demand, mature commercial corridor. Surrounded by established businesses and supported by solid area demographics, the property enjoys ongoing traffic exposure and long-term market appeal.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
26,249 SF
Building Class
B
Year Built/Renovated
1959/1991
Price
$9,980,000
Price Per SF
$380.20
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.52
Lot Size
1.17 AC
Zoning
C3, LA County - Commercial zoning
Parking
92 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
201’ on Lake

Amenities

  • 24 Hour Access
  • Banking
  • Bus Line
  • Balcony

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Educational Services
  • -
  • -
  • -
  • Oct 2022

10th Planet Jiu-Jitsu is dedicated to refining and sharing the art of joint manipulation and choking fools out commonly known as jiu-jitsu. They specialize in no-gi jiu-jitsu and general savagery. They work with all levels of practitioners, from UFC champions like Tony Ferguson to your average guy or gal looking for a fun way to get in physical and mental shape while learning some ninja skills.

  • 2 M Pharmacy Inc
  • Wholesaler
  • -
  • -
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • -
  • Nov 2022

JPMorgan Chase is a leading global financial services firm with a diversified portfolio of banking, investment, and asset management services. The company traces its roots back to 1799 and was officially formed through the merger of J.P. Morgan & Co. and Chase Manhattan Bank in 2000. Headquartered in New York, JPMorgan Chase operates across multiple business segments, including consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. The firm serves millions of consumers, small businesses, corporations, and governments worldwide. It is publicly traded on the New York Stock Exchange under the ticker symbol JPM. Over the years, JPMorgan Chase has played a significant role in major financial transactions and market developments, maintaining a strong presence in global capital markets.

  • CORE
  • -
  • -
  • -
  • Triple Net
  • Dec 2027
  • Retailer
  • -
  • -
  • -
  • -

Health Mart is a national network of independently owned and operated pharmacies across the United States. Each location is locally managed, allowing pharmacists to tailor services and products to meet the specific needs of their communities. The brand emphasizes personalized care, accessibility, and a commitment to wellness. Health Mart pharmacies offer a wide range of services including prescription fulfillment, immunizations, health screenings, and over-the-counter products. As a subsidiary of McKesson Corporation, Health Mart supports its members with tools and resources to enhance patient care and business operations. The network continues to grow by empowering local pharmacists to deliver trusted, community-focused healthcare.

  • Webster's Community Pharmacy
  • Retailer
  • -
  • -
  • -
  • -
  • Webster's Pharmacy
  • Retailer
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Educational Services - - - Oct 2022
2 M Pharmacy Inc Wholesaler - - - -
Finance and Insurance - - - Nov 2022
CORE - - - Triple Net Dec 2027
Retailer - - - -
Webster's Community Pharmacy Retailer - - - -
Webster's Pharmacy Retailer - - - -
Walk Score®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of America
Grocery Outlet

Property Taxes

Property Taxes

Parcel Number
5845-019-017
Land Assessment
$3,891,376
Improvements Assessment
$4,393,157
Total Assessment
$8,284,533
  • Listing ID: 39418826

  • Date on Market: 2/12/2026

  • Last Updated:

  • Address: 2333 N Lake Ave, Altadena, CA 91001

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