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$25,000,000
Est. payment /mo
96,302 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 96,302 sqft
Price per Sqft $259
MLS Listing ID 25613999
Lot Size 1.946 Acres
Acres 1.945
Property Description
PORTFOLIO LISTING -- COMBINED OFFERING (COMMERCIAL / MIXED-USE / INVESTMENT). Exceptional investment opportunity in the heart of the City of South Pasadena, CA. Celebrated for its top-rated public schools, tree-lined streets, historic character, and creative energy -- a rare combination that consistently ranks among Los Angeles County's most sought-after places to live. Discover a rare gem -- a 1.945-acre fully entitled city block in the bustling core of downtown South Pasadena, one block from the METRO A LINE (GOLD LINE) and surrounded by the city's best dining, cafes, and retail. This unique offering combines two distinct parcels: the 1.3-acre MISSION STREET entitled development site (approved for 108 residential units with desirable condominium rights and 10,597 SF of ground-floor retail) and the EL CENTRO / SCHOOL HALL adaptive re-use, fully leased and rehabilitated parcel. Together, they offer DEVELOPMENT POTENTIAL and STABLE INCOME from premier tenants in a fully rehabilitated historic building within one of Los Angeles County's most walkable and desirable downtowns. 1.945 acres across two APNs -- Mission Street (1.3 acres) and El Centro / School Hall (28,122 SF) -- FLAGSHIP ENTIRE CITY BLOCK ASSEMBLAGE offering both immediate yield and exciting development potential. TOTAL BUILDING AREA (96,302 SF) reflects 11,435 SF of existing historic retail plus 84,867 SF of entitled new construction (10,597 SF new retail and 74,270 SF residential). APNs: 5315-008-048 (Development) + 5315-008-049 (Historic).
Location
State CA
County Los Angeles
Area South Pasadena
Zoning DTSP
Exterior
Roof Type Clay, Tile, Spanish Tile
Building
Structure Type Brick
Others
Special Listing Condition Standard
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Listed by Tricity Realty Inc
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