Berkshire Hathaway HomeServices

South Lake Avenue, Pasadena, CA Nestled within three well-organized and active Pasadena community groups and a vibrant daytime workplace population of over 110,000, the South Lake Avenue Business District seeks to serve the needs of its local community. By continually aligning their services. products and events to local community needs, the South Lake Avenue business district has developed a reputation as Pasadena's "locals" district attracting loyal customers from the district's superb demographics. Over 600 businesses operate in the South Lake Avenue Business District generating an average day-time population of over 85,000 and over $251,600,000 in annual retail sales. While South Lake Avenue's business district has grown significantly since its founding in 1947, it continues to retain the unique charm and elegance of its origins and has become a cherished, important and integral part of the City of Pasadena's economy and heritage. South Lake Avenue Business District is bound by Colorado Boulevard on the north, Mentor Avenue on the east. an east-west line approximately 260 feet south of California Boulevard on the south, and Hudson Avenue on the west. The buildings are walking distance to the surrounding large retail anchors which includes Macy's, Ann Taylor, Talbots, TJ Maxx, and Men’s Warehouse. Clients, customers, and employees have easy access to the 210,134, and 110 Freeways. The City of Pasadena is centrally located between Glendale and Arcadia in Los Angeles County, adjacent to Southern California’s growing San Gabriel Valley region. Pasadena lies approximately seven miles east of Glendale and 12 miles northeast of Downtown Los Angeles. The City spans 23.1 square miles and together with Glendale and Burbank forms the Tri-Cities retail market. Pasadena represents Los Angeles County’s ninth-largest city and offers residents a high quality of life with a low crime rate, excellent schools, and plenty of local entertainment and events. Due to its proximity to the City of Los Angeles and I-210, Pasadena serves as an ideal location for retail businesses. The famous Old Pasadena historic district serves as a walkable commercial hub that attracts residents and tourists alike, particularly during the annual Tournament of Roses parade and Rose Bowl Game. Other popular attractions include the Huntington Library, Art Museum and Botanical Gardens and Santa Anita Park in adjacent Arcadia.We are excited to showcase an exclusive NNN Mix Use Property that is FULLY LEASED with Plenty of Parking Space in the heart of Pasadena's retail corridor! This property offers a rare investment opportunity with LOW RISK, a Diverse Tenant Base for CONSISTENT INCOME, and great potential for significant REDEVELOPMENT. Can be combined with a total of 6 Parcels - an additional 15,688 sq ft - 3 buildings with 41,949 sq ft land adjacent to the property. Zoned under the Central District Specific Plan, which encourages various types of developments including student dormitories. Given its prime location, any redevelopment promises a significant increase in its value and profitability. The property is 100% leased to National-Known tenants who have RECENTLY RENEWED their lease agreement. The midcentury beauty of Pasadena’s South Lake Avenue shopping district attracts affluent consumers, retailers, and employers. The property is 100% leased to a nationally recognized tenant, Berkshire Hathaway, for over 20 years. Constructed in 1998, the Property is in excellent condition and shows elegantly with a mix of marble and glass. With parking at the back of the building and street parking, it offers clients and employees easy access from the 210, 134, and 110 Freeways. With a Walking Score of 96, it is near the surrounding large retail anchors such as Macy's, Ann Taylor, Talbots, TJ Maxx, and Men’s Warehouse.