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INVESTMENT HIGHLIGHTS
- Freestanding ±3,008 square foot Craftsman-style office building situated on a ±8,886 square foot lot with 11 on-site parking spaces.
- Office use legally established through a 2003 Conditional Use Permit and supported by the Office Conversion overlay
- Underlying RM-32 zoning and the generous lot depth create optionality for future redevelopment or residential use, subject to buyer due diligence.
- Ideal for an owner-user seeking to establish a long-term presence in Pasadena
- Significant upgrades include flooring, electrical improvements, bathroom and kitchen additions, new HVAC, and a new roof.
- Prime central Pasadena location near the Playhouse District, South Lake Avenue, Caltech, and PCC (AVHH $125,000+ 1 mile radius)
EXECUTIVE SUMMARY
The CREM Group is pleased to present for sale 275 East California Boulevard, a freestanding craftsman-style office building located in prime Pasadena. The property consists of approximately 3,008 square feet of space on an 8,886 square foot lot and includes 11 on-site parking spaces. The current flexibility makes it well suited for a business seeking to transition from renting to owning in a central location that consistently attracts professional users.
The property’s office use was formally established through a Conditional Use Permit in 2003 and remains permissible under the City’s Office Conversion overlay, giving an owner-user a clear path to occupancy. Upon acquiring the property, the owner substantially improved the building with updated flooring, electrical upgrades, upgraded lighting, bathroom and kitchen additions, upgraded HVAC, and a new roof. These enhancements make the space functional on day one while retaining the character that defines early Pasadena architecture.
The lot size is notably generous, providing more privacy, better parking, and long-term flexibility. The underlying RM-32 zoning introduces future residential possibilities, and the OC overlay preserves its office entitlement. The building is also designated a Structure of Merit by the City of Pasadena, reflecting its historic significance. Buyers should conduct their own investigation of any development or exterior modification plans.
The property’s office use was formally established through a Conditional Use Permit in 2003 and remains permissible under the City’s Office Conversion overlay, giving an owner-user a clear path to occupancy. Upon acquiring the property, the owner substantially improved the building with updated flooring, electrical upgrades, upgraded lighting, bathroom and kitchen additions, upgraded HVAC, and a new roof. These enhancements make the space functional on day one while retaining the character that defines early Pasadena architecture.
The lot size is notably generous, providing more privacy, better parking, and long-term flexibility. The underlying RM-32 zoning introduces future residential possibilities, and the OC overlay preserves its office entitlement. The building is also designated a Structure of Merit by the City of Pasadena, reflecting its historic significance. Buyers should conduct their own investigation of any development or exterior modification plans.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,008 SF
Building Class
C
Year Built
1905
Price
$2,300,000
Price Per SF
$764.63
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,500 SF
Building FAR
0.34
Lot Size
0.20 AC
Zoning
RM-32-OC
Parking
11 Spaces (3 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (80)
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275 E California Blvd
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