A highly visible, ±8,250 SF storefront retail asset positioned in the heart of Pasadena’s prestigious South Lake Avenue District. CBRE is pleased to present the exclusive opportunity to acquire 396–400 S Lake Avenue, a highly visible, ±8,250 SF storefront retail asset positioned in the heart of Pasadena’s prestigious South Lake Avenue District. Located on a prime, ±9,015 SF parcel with favorable CD-CL (Central District - Commercial Limited) zoning, this property represents a rare and compelling opportunity for discerning investors, creative owner-users, and visionary developers to acquire a high-profile retail asset in one of Southern California’s most desirable, supply-constrained, and affluent submarkets. Constructed in 1952, the property boasts prominent Lake Avenue frontage, exceptional signage visibility, and convenient walkability to Pasadena’s most dynamic retail and lifestyle destinations. It is situated steps from the new Erewhon Market, the newly revitalized The Shops on Lake Avenue, and a curated mix of national retailers, premier fitness studios, and acclaimed restaurants. With robust demographics, a dense daytime population, and unparalleled transit connectivity, this offering is perfectly positioned for significant long-term value creation through strategic lease-up, creative repositioning, or ground-up redevelopment.