1139 Fair Oaks Ave 2,636 SF Retail Building Pasadena, CA 91105 $1,635,000 ($620.26/SF)

This irreplaceable location in Pasadena has gone through a massive growth as it sits in one of the top areas for major world class medical institutions driven by 617 bed Cedars-Sinai Huntington Hospital, UCLA Healthcare, Keck Medicine of USC’s new 100k sf Medical Building, Cedars new 100k sf medical building, Shriners Children’s Hospital and a myriad of top of their class recognized healthcare facilities all within the Fair Oaks corridor.
Huntington Hospital continues to be recognized as the #1 hospital in California and 2nd in the US for cardiology, heart, and vascular surgery. Driven by exceptionally high demand and revitalization efforts, ongoing residential development, and infrastructure improvements, the Huntington Hospital medical campus and adjacent medical offices attract a constant flow of professionals and patients, while the surrounding neighborhoods—such as South Pasadena, San Marino, Madison Heights and South Arroyo— boast some of the highest median home values in the region.
Additionally, the property is within minutes of Old Pasadena, a thriving dining and retail district that continues to expand its footprint, increasing the area’s overall commercial appeal. Well located, smaller owner user freestanding properties like 1139 Fair Oaks are rarely available for sale and are in high demand. As a stabilized owner-user asset and as a long-term investment play, 1139 Fair Oaks offers a rare chance to participate in Pasadena’s evolution while benefiting from the security and upward trajectory of a prime,
supply-constrained top of the class market.
The property is zoned SP-2 allowing for medical, retail or office. It sits in the South Fair Oaks Specific Plan with the goal and focus here to provide a mixed-use district with multi-family housing, neighborhood serving amenities, medical services, and educational and employment opportunities, all easily accessible via excellent nearby transit options including major light rail lines, freeways and major easy to get to transportation corridors.