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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 began in 2003 when Eddie Bravo created a no-gi grappling system in Los Angeles, California. The organization developed a submission-only approach for mixed martial arts competitions. 10th Planet Jiu Jitsu now has a significant presence worldwide with schools teaching the company's unique curriculum. The organization offers programs for all ages focusing on self-defense and fitness. The belt system mirrors traditional Brazilian jiu-jitsu but uses colored rash guards instead of belts. 10th Planet Jiu Jitsu became known through its connection to MMA and has many affiliated academies internationally.

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

Chase traces its roots to predecessor institutions founded in 1799 and later became Chase Manhattan Bank through a 1955 merger, before joining with J.P. Morgan & Co. in 2000 to form the current banking business. The company serves as the U.S. consumer and commercial banking business of JPMorgan Chase and offers checking and savings accounts, credit cards, home loans, auto financing, and digital banking services. Chase also provides investing and wealth management offerings through J.P. Morgan, alongside commercial banking and corporate and investment banking activities that support households, businesses, and institutional clients.

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

Health Mart began in 1996 as an independent pharmacy franchise and is part of McKesson. The business supports locally owned pharmacies with prescription services, operational support, and tools for pharmacy benefit contracting, store design, specialty medications, and other administrative needs. Health Mart operates as a nationwide network of independent pharmacies that offer personalized care, with services that include prescription management, online refill support, home delivery, vaccinations, and health and wellness guidance.

  • 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 - - - -
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Bank of America
Grocery Outlet

Property Taxes

Property Taxes

Parcel Number
5845-019-017
Land Assessment
$3,969,203
Improvements Assessment
$4,481,020
Total Assessment
$8,450,223
  • Listing ID: 39418826

  • Date on Market: 2/12/2026

  • Last Updated:

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

Contact the Sale Advisor

Chase Plaza | 2333 N Lake Ave

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