345 - 455 S Lake Avenue

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345 - 455 S Lake Avenue

pasadena, CA 91101
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

345 - 455 S Lake Avenue is situated within the South Lake Avenue Business District in Pasadena, California. This corridor is characterized by a mix of high-end retail, professional offices, and corporate headquarters. The surrounding neighborhood features a high density of dining options, financial institutions, and service-oriented businesses. The property is located near the California Institute of Technology and provides access to the Metro A Line via the Lake Station. Major thoroughfares, including the 210 and 110 freeways, serve the immediate area. The retail spaces are suited for flagship stores, boutique clothiers, and upscale specialty retailers. The location’s demographic profile supports health and wellness studios, high-end beauty services, and cafe-style food and beverage operators. Typical tenants include national brands and regional businesses seeking visibility within a high-traffic pedestrian environment. The architectural layout accommodates businesses requiring significant window frontage and street-level accessibility to cater to the local workforce and residents of the nearby affluent residential districts.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times