44 Lake AvePasadena, CA 91101
Prime Pasadena location, strong NOI, redevelopment potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Prime Downtown Pasadena location with high foot traffic and ample parking.
- Rezoning potential for high-density residential development.
- Stable income stream from a long-term NNN restaurant lease ($138,216 NOI).
- Recently renovated building; tenant open to lease negotiations.
- NNN NOI: $138,216; Lease expires July 2025 with options.
- Combined lot size: 7,870 SF (APN 5738-008-047 & partial 5738-008-053).
Property Details for 44 Lake Ave
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,691 SF
- Buildings
- 1
- Stories
- 1
- Units
- 1
Location Insight
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Latitude
- 34.146758580532
- Longitude
- -118.13244827319
Nearby Similar for Sale
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