475 S Lake Avenue

    Pasadena, CA 91101
    • $80,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: AR19234266
    UPDATED: 158 min ago
    $80,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 41,760
      SQFT
    • $2
      $/SQFT
    Neighborhood:
    Type:
    Commercial-Lease
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Located within the South Lake Avenue Business District is this iconic former Border Books Building. This single tenant, two story plus a basement building with approximately 42,000 square feet of gross leaseable area (GLA) is for lease. This building is ideal for retail use, office or medical office use, or fitness facility use. The location of the building provides a unique blend of shopping, dining, professional services and urban living all within 12 blocks in the City of Pasadena. The building is located adjacent to T.J. Maxx, Macy's, and Trader Joe's along Lake Avenue between California Blvd. and Del Mar Blvd. Construction consists of concrete exterior walls with a stucco finish and a flat membrane roofing system. Ceiling heights are 14 ft - 16 ft per floor. The property is served by an adjacent parking garage that allows for direct access to the 2nd floor level. There is a loading dock which can be access through Hudson Avenue. Asking rent is $80,000 per month or $1.92 per square foot which is well below current market rent in the area.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T00:33:05.587. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
    www.sdluxe.com/homes/99551667

    475 S Lake Avenue Pasadena, CA 91101

    • Price: $80,000
    • Status: Active
    • Updated: 158 min ago
    • ID#: AR19234266
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    41,760
    SQFT
    $2
    $/SQFT
    1951
    Built
    Neighborhood:
    648 - Pasadena (SE)
    County:
    Los Angeles
    Area:
    648 - Pasadena (SE)
    Property Description
    Located within the South Lake Avenue Business District is this iconic former Border Books Building. This single tenant, two story plus a basement building with approximately 42,000 square feet of gross leaseable area (GLA) is for lease. This building is ideal for retail use, office or medical office use, or fitness facility use. The location of the building provides a unique blend of shopping, dining, professional services and urban living all within 12 blocks in the City of Pasadena. The building is located adjacent to T.J. Maxx, Macy's, and Trader Joe's along Lake Avenue between California Blvd. and Del Mar Blvd. Construction consists of concrete exterior walls with a stucco finish and a flat membrane roofing system. Ceiling heights are 14 ft - 16 ft per floor. The property is served by an adjacent parking garage that allows for direct access to the 2nd floor level. There is a loading dock which can be access through Hudson Avenue. Asking rent is $80,000 per month or $1.92 per square foot which is well below current market rent in the area.
    Exterior Features

    Construction Materials BlockConcreteSteelStucco Entry Level 1 Fence YN No Fencing None Lot Features 0-1 Unit/AcreLot 10000-19999 SqftWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Total 160.00 Roof FlatMixed

    Interior Features

    Building Features Elevators Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Office Class C

    Property Features

    Additional Parcels YN No Asset Class OfficeRetail Building Area Units Square Feet Country Us Divisible Sq Ft 29000 Electric Standard Existing Lease Type Nnn Investment Property YN No Land Use OfficeRetail Occupancy Vacant Owner Pays None Property Sub Type Retail Retail Center Type Community/Specialty Sale Considered YN No Security Features Security Lights Tenant Pays Ada UpgradesAll UtilitiesCable TvElectricityExterior MaintenanceGrounds CareHvac MaintenanceInsuranceJanitorial ServicePest ControlRepairsRoofSewerTaxesTelephoneTrash CollectionWater Utilities Electricity AvailablePhone AvailableSewer Available Water Source Public Year Built Source Assessor Zoning Cd5

    Listing provided courtesy of Thomas Theung of New Century Commercial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T00:33:05.587. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
     
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