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48 S Chester Ave 14,700 SF Office Building Pasadena, CA 91106 For Sale
Investment Highlights
- An opportunity for immediate or near-term full building occupancy, allowing for complete customization and utilization.
- ?Located adjacent to Caltech and within one of Southern California's leading technology, research, and education hubs.
- ?The Property features a large secured parking lot with 48 on-site spaces, providing an above-market parking ratio that is difficult to replicate.
- Efficient floor plates and existing infrastructure support a wide range of uses including traditional office, technology, education, nonprofit, etc.
- ?The Property is equipped with existing EV charging capabilities and solar infrastructure, reducing future capital requirements and enhancing function
- ?Existing roof access creates the opportunity for a future outdoor collaboration area, employee amenity space, or rooftop terrace with views.
Executive Summary
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 48 South Chester Avenue, a two-story office building totaling 14,700 rentable square feet situated on 0.46 acres in Pasadena, California.?
Located within Pasadena's highly desirable South Lake/Caltech corridor, the Property sits just south of East Colorado Boulevard and steps from the California Institute of Technology (Caltech), one of Southern California's premier research and innovation institutions.
The Property benefits from immediate access to a highly educated workforce, an extensive amenity base along South Lake Avenue, and convenient connectivity throughout the San Gabriel Valley and greater Los Angeles region.? Featuring 48 on-site parking stalls, solar infrastructure, EV charging capabilities, and efficient floor plates, the building is well-positioned for a variety of owner-user, office, technology, education, research, and nonprofit occupiers.?
48 South Chester Avenue offers the opportunity to acquire a freestanding office asset with strong corporate identity, exceptional parking, and rooftop amenity potential in one of Pasadena's most established and supply-constrained office submarkets.?
Located within Pasadena's highly desirable South Lake/Caltech corridor, the Property sits just south of East Colorado Boulevard and steps from the California Institute of Technology (Caltech), one of Southern California's premier research and innovation institutions.
The Property benefits from immediate access to a highly educated workforce, an extensive amenity base along South Lake Avenue, and convenient connectivity throughout the San Gabriel Valley and greater Los Angeles region.? Featuring 48 on-site parking stalls, solar infrastructure, EV charging capabilities, and efficient floor plates, the building is well-positioned for a variety of owner-user, office, technology, education, research, and nonprofit occupiers.?
48 South Chester Avenue offers the opportunity to acquire a freestanding office asset with strong corporate identity, exceptional parking, and rooftop amenity potential in one of Pasadena's most established and supply-constrained office submarkets.?
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
14,700 SF
Building Class
C
Year Built
1959
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,350 SF
Building FAR
0.73
Lot Size
0.46 AC
Zoning
CL1, Pasadena - Commercial Limited or Neighborhood Commercial
Parking
48 Spaces (2.8 Spaces per 1,000 SF Leased)
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Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5735-001-024 | Improvements Assessment | $1,688,028 |
| Land Assessment | $2,772,496 | Total Assessment | $4,460,524 |
Property Taxes
Parcel Number
5735-001-024
Land Assessment
$2,772,496
Improvements Assessment
$1,688,028
Total Assessment
$4,460,524
Contacts
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John Winnek -
Christine Mardirosian
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Erica Finck -
Reid Gratsch -
Kylie Rawn -
Whitney Jones -
Cushman & Wakefield
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