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403 S Raymond Ave
Pasadena, CA 91105
Raymond Avenue Self Storage · Specialty Property For Sale
·
88,026 SF
Investment Highlights
- Rare 1.29 AC Pasadena Land Assemblage
- Transit-Oriented Location
- Flexible SFO-MU Zoning
- In-Place Self-Storage Income
- Premier Urban Infill Location
- Abundant Rooftop and Surface Parking
Executive Summary
CBRE, as exclusive advisor, is pleased to present for the first time in several decades the generational opportunity to acquire 403 S. Raymond Avenue, a premier land assemblage situated in the vibrant urban core of Pasadena, California. This expansive, strategically located asset offers unparalleled versatility, allowing astute investors, developers, or owner-users to execute a flagship vision in one of Southern California’s most highly defended submarkets.
A distinctive attribute of the property is its operational infrastructure, featuring rare public self-storage and premium, temperature-controlled wine storage facilities. This specialized component delivers a highly resilient, stable monthly cash flow, providing buyers with immediate downside protection and strong holding income during the design or entitlement phase. Underpinned by favorable underlying zoning and exceptional infill connectivity, the site presents an ideal canvas for a world-class redevelopment project—including creative office, medical office and outpatient facilities, life-science/R&D labs, or high-density urban mixed use.
The property is being offered to the market without an asking price. Offers will be negotiated upon receipt
A distinctive attribute of the property is its operational infrastructure, featuring rare public self-storage and premium, temperature-controlled wine storage facilities. This specialized component delivers a highly resilient, stable monthly cash flow, providing buyers with immediate downside protection and strong holding income during the design or entitlement phase. Underpinned by favorable underlying zoning and exceptional infill connectivity, the site presents an ideal canvas for a world-class redevelopment project—including creative office, medical office and outpatient facilities, life-science/R&D labs, or high-density urban mixed use.
The property is being offered to the market without an asking price. Offers will be negotiated upon receipt
Property Facts
| Sale Type | Investment or Owner User | Building Size | 88,026 SF |
| Property Type | Specialty | No. Stories | 3 |
| Property Subtype | Self-Storage | Year Built/Renovated | 1918/2015 |
| Building Class | B | Parking Ratio | 1.24/1,000 SF |
| Lot Size | 1.29 AC | ||
| Zoning | SFO-MU-N - Supporting creative office, medical, life science, mixed-use and adaptive reuse. | ||
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.29 AC |
| Building Size | 88,026 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1918/2015 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | SFO-MU-N - Supporting creative office, medical, life science, mixed-use and adaptive reuse. |
Amenities
- Bus Line
Property Taxes
| Parcel Number | 5722-004-006 | Improvements Assessment | $995,726 |
| Land Assessment | $3,385,519 | Total Assessment | $4,381,245 |
Property Taxes
Parcel Number
5722-004-006
Land Assessment
$3,385,519
Improvements Assessment
$995,726
Total Assessment
$4,381,245
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