55 S Lake Ave, Pasadena, CA 91101 – Office Building High Rise 5+ stories

OfficeYear Built 1991Total Assessed Value $132,822,102County Los Angeles

Property Details

The Office property 55 S Lake Ave, Pasadena, CA 91101 is located in Los Angeles County. The specific property type is Office Building High Rise 5+ stories. The total assessed value of this property is $132,822,102.

The gross building area is 219,347 square feet and the land area is 36,233 square feet for this Office Building High Rise 5+ stories built in 1991.

Legal description: P.M 260-26-27 Ex Of St Lot 3

$132,822,102

Market Value

7.15%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeOffice

Sub Property TypeOffice Building High Rise 5+ stories

Building Area219,347

Land Size36,233

Land Value$8,523,340

Improved Value$124,298,762

Total Assessed Value$132,822,102

Year Built1991

County NameLos Angeles

Account Number5734-013-027

Cap Rate7.15%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space227

HeatingNone

Type ConstructionSteel

Garage TypeParking lot

Sales History

7/24/2025

Arms-length$3,200,000

Buyer

Riii Ha Pasadena Owner Llc

Seller

Cpus Pasadena Lp

Book Number

2025.508152

Recording Date

7/24/2025

Transaction Details

Riii Ha Pasadena Owner Llc acquired the property from Cpus Pasadena Lp through a Arms-length transaction on 7/24/2025 for $3,200,000.

7/24/2025

Arms-length$3,200,000

Buyer

Riii Ha Pasadena Owner Llc

Seller

Cpus Pasadena Lp

Book Number

2025.508152

Recording Date

7/24/2025

Transaction Details

Riii Ha Pasadena Owner Llc acquired the property from Cpus Pasadena Lp through a Arms-length transaction on 7/24/2025 for $3,200,000.

3/11/2016

Arms-length$281,600

Buyer

Cpus Pasadena Lp

Seller

Bcsp Pasadena Towers Property Llc

Book Number

16-0275580

Recording Date

3/11/2016

Transaction Details

Cpus Pasadena Lp acquired the property from Bcsp Pasadena Towers Property Llc through a Arms-length transaction on 3/11/2016 for $281,600.

1/12/2012

Arms-length$111,001,110

Buyer

Bcsp Pasadena Towers Property Llc

Seller

Pasadena Towers L L C

Book Number

12-0068294

Recording Date

1/12/2012

Transaction Details

Bcsp Pasadena Towers Property Llc acquired the property from Pasadena Towers L L C through a Arms-length transaction on 1/12/2012 for $111,001,110.

Property constructed in 1991

YSale Price (USD) byXSales Year

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Mortgage History

3/11/2016

Helocs both purchase money and non purchase money helocs$116,800,000

Borrower

Cpus Pasadena Lp

Lender

Axa Equitable Life Insurance Co

Book Number

16-0275581

Recording Date

3/11/2016

Transaction Details

Cpus Pasadena Lp borrowed the property from Axa Equitable Life Insurance Co through a Helocs both purchase money and non purchase money helocs transaction on 3/11/2016 for $116,800,000.

1/12/2012

Helocs both purchase money and non purchase money helocs$99,750,000

Borrower

Bcsp Pasadena Towers Property Llc

Lender

Metropolitan Life Insurance Co

Book Number

12-0068298

Recording Date

1/12/2012

Transaction Details

Bcsp Pasadena Towers Property Llc borrowed the property from Metropolitan Life Insurance Co through a Helocs both purchase money and non purchase money helocs transaction on 1/12/2012 for $99,750,000.

5/9/2011

Non arms length transactions with valid title company name no accomodations$190,000,000

Borrower

Pasadena Towers L L C

Lender

Metropolitan Life Insurance Co

Book Number

2011.676010

Recording Date

5/9/2011

Transaction Details

Pasadena Towers L L C borrowed the property from Metropolitan Life Insurance Co through a Non arms length transactions with valid title company name no accomodations transaction on 5/9/2011 for $190,000,000.

3/27/2008

Helocs both purchase money and non purchase money helocs$900,000,000

Borrower

Pasadena Towers Llc

Lender

Westpac Banking Corp

Book Number

08-0547245

Recording Date

3/27/2008

Transaction Details

Pasadena Towers Llc borrowed the property from Westpac Banking Corp through a Helocs both purchase money and non purchase money helocs transaction on 3/27/2008 for $900,000,000.

Property constructed in 1991

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$8,523,340	$124,298,762	$132,822,102	$132,822,102	Riii Ha Pasadena Own...	12501 Seal Beach Blv...	P.M 260-26-27 Ex Of ...	23/23673	-	36,233	219,347
2023	$8,192,369	$119,472,091	$127,664,460	$127,664,460	Cpus Pasadena Lp	Po Box 638	P.M 260-26-27 EX OF ...	23/23673	-	36,233	219,347
2022	$8,031,735	$117,129,501	$125,161,236	$125,161,236	Cpus Pasadena Lp	301 S College St 34	P.M 260-26-27 Ex Of ...	23/23673	-	36,233	291,667
2020	-	-	-	-	Pasadena Towers Llc ...	-	P.M 260-26-27 Ex Of ...	23/23673	-	36,216	291,667
2019	$7,640,697	$111,426,840	$119,067,537	-	Cpus Pasadena Lp	1 N La Salle St	P.M 260-26-27 EX OF ...	23/23673	-	36,233	219,347
2018	$7,490,880	$109,242,000	$116,732,880	-	Cpus Pasadena Lp	14785 Preston Rd	P.M 260-26-27 EX OF ...	23/23673	-	36,233	219,347
2017	$7,344,000	$107,100,000	$114,444,000	-	Cpus Pasadena Lp,	301 S College St	P.M 260-26-27 EX OF ...	23/23673	-	36,233	291,667
2016	$2,546,496	$56,420,285	$58,966,781	-	Cpus Pasadena Lp,	301 S College St	P.M 260-26-27 EX OF ...	23/23673	-	36,233	219,347
2015	$2,508,246	$55,572,800	$58,081,046	-	Bcsp Pasadena Towers...	200 State St	P.M 260-26-27 EX OF ...	23/23673	-	36,233	291,667

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	55 S Lake Ave, Pasadena, CA 91101	—	-	36,233	1991	219,347	$ 132,822,102	$ 8,523,340	-
Preferred Bank	401 N Brand Blvd, Glendale, CA 91203	08/08/2025	$ 20,600,000	15,080	1959	54,200	$ 2,566,308	$ 1,898,630	-
Citizens Business Bank	1111 N Brand Blvd, Glendale, CA 91202	05/16/2025	$ 5,100,000	40,402	1989	59,820	$ 17,209,602	$ 668,412	Brand Village Property Llc
Jpmorgan Chase Bank Na	251 S Lake Ave, Pasadena, CA 91101	04/30/2025	$ 40,000,000	26,842	1970	203,067	$ 87,122,037	$ 3,681,211
Pcb Bank	1316 Wilshire Blvd, Los Angeles, CA 90017	04/24/2025	$ 2,350,000	6,120	1898	5,440	$ 819,933	$ 818,576	Elirun Llc
Evertrust Bank	601 S Glenoaks Blvd, Burbank, CA 91502	03/27/2025	$ 8,435,000	50,835	1986	74,457	$ 23,512,027	$ 8,537,884	601 Glenoaks Llc
Preferred Bank	747 E Green St, Pasadena, CA 91101	03/25/2025	$ 3,300,000	35,323	1966	25,344	$ 2,886,949	$ 2,235,480	747 Green Street Llc
First Bank	701 Corporate Center Dr, Monterey Park, CA 91754	03/19/2025	$ 14,000,000	291,983	1986	107,629	$ 21,252,770	$ 4,965,107	901 Corporate Center Lp
Cathay Bank	450 N Brand Blvd, Glendale, CA 91203	03/05/2025	$ 20,000,000	65,427	1999	220,624	$ 103,883,824	$ 14,791,780	Central Brand Llc
Cathay Bank	607 S Hill St, Los Angeles, CA 90014	02/26/2025	$ 18,650,000	18,905	1910	153,204	$ 17,380,098	$ 4,345,019	Cjm Building Llc
Hankey Capital Llc	2001 Potrero Grande Dr, Monterey Park, CA 91755	02/13/2025	$ 60,000,000	241,714	1980	93,861	$ 10,924,200	$ 4,681,800	Bhe 601 Potrero Grande Llc

Mean$ 14,668,731

Median$ 7,250,000.0

Loan Amount Range$ 1,000,000 - $ 60,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
55 S LAKE AVE STE 560, PASADENA, CA 91101-4747	CONSTRUCTION PROGRAM GROUP	6266835100	GENERAL CONTRACTORS
55 S LAKE AVE STE 750, PASADENA, CA 91101-4744	LOMBARDIA CAPITAL PARTNERS	6265682792	ACCOUNTANTS
55 S LAKE AVE STE 700, PASADENA, CA 91101-2687	GRANDWAY ASSET MANAGEMENT	6263571200	INVESTMENT MANAGEMENT
55 S LAKE AVE STE 700, PASADENA, CA 91101-2687	MORGAN STANLEY WEALTH MGMT	6264491240	FINANCIAL ADVISORY SERVICES
55 S LAKE AVE STE 100, PASADENA, CA 91101-4927	FIRST CALIFORNIA ESCROW	6264401160	ESCROW SERVICE
55 S LAKE AVE STE 801, PASADENA, CA 91101-5906	INSURINGLAW.COM	6265775771	ATTORNEYS
55 S LAKE AVE, PASADENA, CA 91101-2676	OLD REPUBLIC INSURANCE CO	2627979495	INSURANCE
55 S LAKE AVE FL 4 # 850, PASADENA, CA 91101-2644	CALCAP FINANCIAL INC	6264732000	FINANCIAL ADVISORY SERVICES
55 S LAKE AVE STE 900, PASADENA, CA 91101-2627	BLUEBEAM SOFTWARE INC	6267884100	DATA PROCESSING SOFTWARE
55 S LAKE AVE STE 150, PASADENA, CA 91101-2695	DEL FRISCO'S GRILLE	6267659913	FULL-SERVICE RESTAURANTS

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License Details

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