Seller Financing Available | 14,922 SF Lot | 1541 N Lake Ave
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Seller Financing Available | 14,922 SF Lot 1541 N Lake Ave
3,473 SF 100% Leased Office Building Pasadena, CA 91104 £1,564,900 (£451/SF)
Investment Highlights
- Attractive Seller Financing Available!
- Mixed-use property situated on North Lake Avenue, which is one of the main North/South thoroughfares serving the Pasadena/Altadena areas
- Surface parking with space for up to 12 vehicles
- Sizable 2-Parcel property with Parking: The two parcels combine for a total lot size of 14,922 SF
- Ideal for Owner User or Repositioning
Executive Summary
1541 & 1547 Lake Avenue is a 2-parcel mixed-use property situated on North Lake Avenue, which is one of the main North/South thoroughfares serving the Pasadena/Altadena areas. Ideal for Owner User or Repositioning: These properties present a unique owner-user opportunity for a small business or entrepreneurial investor/developer seeking a repositioning opportunity. Sizable total lot size with Parking: The two parcels combine for a total lot size of 14,922 SF. The 1547 N. Lake (northern most) parcel features a surface parking lot with space for up to 12 vehicles. The property currently has only one (retail) tenant on a lease paying $1,700/month.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,473 SF
Building Class
C
Year Built
1924
Price
£1,564,900
Price Per SF
£451
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
3,473 SF
Building FAR
0.89
Lot Size
0.09 AC
Zoning
CO SP-1a - Commercial Office
Parking
12 Spaces (3.46 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
1 of 1
Walk Score ®
Very Walkable (81)
1 of 10
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Seller Financing Available | 14,922 SF Lot | 1541 N Lake Ave
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