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535 S Lake Ave 6,721 SF Retail Building Pasadena, CA 91101 $2,500,000 ($371.97/SF)
Executive Summary
Property Highlights
• Prime South Lake District location
• Motivated owner
• Ground lease offered at $2.9 million but calling for all offers
• Public parking available
• Outdoor patio seating available
• Neighboring tenants: Erewhon, Ann Taylor, Woody’s Home, Magnolia House
• Flexible zoning for Retail or Restaurant
• Prime South Lake District location
• Motivated owner
• Ground lease offered at $2.9 million but calling for all offers
• Public parking available
• Outdoor patio seating available
• Neighboring tenants: Erewhon, Ann Taylor, Woody’s Home, Magnolia House
• Flexible zoning for Retail or Restaurant
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,721 SF
Building Class
C
Year Built
1933
Price
$2,500,000
Price Per SF
$371.97
Tenancy
Single
Building Height
1 Story
Building FAR
0.96
Lot Size
0.16 AC
Zoning
CD-5 - Commercial Planned Development Public Parking available
Frontage
25’ on Lake Ave
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (85)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5734-030-008 | Improvements Assessment | $1,602,216 |
| Land Assessment | $1,352,520 | Total Assessment | $2,954,736 |
Property Taxes
Parcel Number
5734-030-008
Land Assessment
$1,352,520
Improvements Assessment
$1,602,216
Total Assessment
$2,954,736
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535 S Lake Ave
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