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$ 25,000,000
Est. payment | /mo
1.95 Acres Lot
$ 25,000,000
Est. payment | /mo
1.95 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25613999
HOA Y/N No
Lot Size 1.946 Acres
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 658 - So. Pasadena
Zoning DTSP
Interior
Fireplace No
Exterior
Community Features Park
Roof Type Clay,Spanish Tile,Tile
Building
Lot Description Corner Lot, Lot Over 40000 Sqft, Near Park, Over 40 Units/Acre, Near Public Transit, Street Level
Others
Tax ID UNAVAILABLE
Security Features Fire Sprinkler System,24 Hour Security,Smoke Detector(s)
Special Listing Condition Standard
Listed by Matthew Gangi Tricity Realty Inc