2 Lake AvePasadena, CA 91101

Property Details for 2 Lake Ave

Year built

1984

Construction

STEEL FRAME

Lot size

0.73 AC

Property size (Sq ft)

193,860 SF

Zone code

PSC*

Property type

Office properties

Property subtype

Office buildings

APN

5738-008-066

APU

5738008066

Description

This exceptional eleven-story, Class A office building at 2 N Lake Ave in Pasadena offers 203,911 square feet of space, ideal for traditional office, executive office, or medical office uses. Multiple suites are available, ranging from 2,634 to 42,347 square feet. The building features a multi-story parking structure, a penthouse suite, multiple balconies, and a stunning outdoor deck with city views. Located in Playhouse Village at the intersection of Lake Avenue and Colorado Boulevard, this high-visibility location offers easy access to the Rose Parade route, a thriving medical/biotech community, and the upscale shopping and dining of South Lake Avenue. The 71,681 square foot lot provides ample space and the building benefits from professional property management. This prime commercial real estate opportunity is perfect for businesses seeking a prestigious address in a vibrant and dynamic location. New ownership and a new leasing team are ready to provide a superior experience. Don't miss this chance to establish your business in the heart of Pasadena.

• CAP approach

  CAP return

  Valuation

  6%

  $51,946,492

  6.5%

  $47,950,608

  7%

  $44,525,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,710,924

  Geo Method

  $36,864,416

• Alternative Use

  Use

  Valuation

  Residential

  $59,458,756

  Hospitality

  $54,463,900

  Educational

  $45,313,324

  Medical

  $46,871,720

  Retail

  $70,487,392

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1463

Longitude

-118.132

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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