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).
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Listing Snapshot
Price
$25,000,000
Days On Site
125 Days
Bedrooms
N/A
Inside Area (SqFt)
96,302 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.9457 Acres
Year Built
N/A
MLS® Number
25613999
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
4 months ago
Listing first seen on site
General Features
Acres
1.9457
Additional Property Use
Multi-Family
Security
Fire Sprinkler SystemSmoke Detector(s)24 Hour Security
Special Circumstances
Standard
SqFt Total
96302
Zoning
DTSP
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Exterior Features
Construction Details
Brick
Lot Features
Corner LotNear Public Transit
Roof
Spanish TileTile
Community Features
Community Features
Park
MLS Area
658 - So. Pasadena
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Neighborhood & Commute
Source: Walkscore
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