By Lilly Riddle
Located in a high-traffic commercial district, Chase Plaza presents a potentially compelling investment opportunity for those seeking a well-established property with strong potential for growth. This two-story retail and office complex, built in 1959 and renovated in 1991, offers a central location on a signalized corner, providing high visibility and easy access for both customers and tenants. According to a release from Sync Brokerage, the offering price is $11.8 million or roughly $450 per square foot.
The property, located at 2333 N. Lake Ave. in Altadena, encompasses 26,249 square feet of leasable space, catering to a diverse mix of businesses. According to a listing on LoopNet, its flexible floor plans and versatile spaces accommodate various needs, making it suitable for retailers, restaurants, service providers and office users. It is currently owned by an entity based in Arcadia, according to public records.
Situated on a 1.17-acre lot, the site also features 92 parking spaces, according to LoopNet, including dedicated spots for tenants and customers. Tenants include Chase Bank, Stardancers (a banquet hall and dance studio) and Planned Parenthood, which is on the second floor.
Chase Plaza benefits from its location in a densely populated area with a mix of residential and commercial properties. The surrounding neighborhood provides a steady flow of foot traffic, and it is located in close proximity to an ALDI, a Jack in the Box and the Altadena Community Center.
The site also has high connectivity to major transportation hubs. The property is located near several bus lines, subway stations and commuter rail lines, per the LoopNet listing, offering access to the wider Los Angeles metropolitan area. Its proximity to major highways and thoroughfares also ensures accessibility for those traveling by car.
The property’s surroundings offer other amenities, including banks, restaurants, shops and entertainment venues. The urban environment caters to a variety of needs and preferences, further enhancing the potential appeal of Chase Plaza for businesses, investors and customers alike.
Zoned as C3 by LA County, according to the listing, Chase Plaza allows for a variety of commercial uses, providing flexibility for future development and adaptation.
Alicia Shen of Sync Brokerage is leading the marketing effort for this property.
