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670 N Rosemead Blvd - By-Right Residential Redevelopment 1.28 Acres of Residential Land in Pasadena, CA 91107



Investment Highlights
- ±1.28 Acres with Low Site Coverage
- Affluent Employment Hub
- Strategic Freeway Connectivity
- By-Right High-Density Residential Redevelopment
- Exceptional Amenity Base
Executive Summary
Avison Young is pleased to present 670 N. Rosemead Boulevard, an exceptional opportunity to acquire a ±14,448 SF office building on ±1.28 acres in Pasadena, California. The property is well-suited for an office owner-user or investor, with compelling upside as a by-right high-density residential development site allowing up to 48 units per acre. Constructed in 1975, the two-story, elevator served office building features dedicated surface parking at a 3.00/1,000 SF ratio (43 spaces) and low site coverage. The existing improvements offer immediate occupancy for an owner-user or investment potential, while the underlying land value and favorable zoning create a clear path to by-right residential redevelopment. The property’s by-right density of up to 48 units per acre supports a wide range of high-density residential strategies, including for-sale townhomes, market-rate rental apartments, or affordable housing development. The ±1.28-acre site provides meaningful scale in one of the most supply-constrained and sought-after
residential markets in Los Angeles County. 670 N. Rosemead Boulevard benefits from an abundance of nearby amenities, including dining, retail, grocery, and daily services, making it an ideal location for future residents and current office tenants alike. The property offers excellent connectivity via the 210 and 134 Freeways, with proximity to Old Town Pasadena, Caltech, and the Rose Bowl, further enhancing its appeal as a premier residential or office location. With its existing improvements, by-right high-density residential zoning, and prime Pasadena location surrounded by established amenities, the property presents a compelling opportunity for an office investor, owner-user, or residential developer seeking a versatile asset in one of Southern California’s most desirable submarkets.
residential markets in Los Angeles County. 670 N. Rosemead Boulevard benefits from an abundance of nearby amenities, including dining, retail, grocery, and daily services, making it an ideal location for future residents and current office tenants alike. The property offers excellent connectivity via the 210 and 134 Freeways, with proximity to Old Town Pasadena, Caltech, and the Rose Bowl, further enhancing its appeal as a premier residential or office location. With its existing improvements, by-right high-density residential zoning, and prime Pasadena location surrounded by established amenities, the property presents a compelling opportunity for an office investor, owner-user, or residential developer seeking a versatile asset in one of Southern California’s most desirable submarkets.
Property Facts
1 Lot Available
Lot
| Lot Size | 1.28 AC |
| Lot Size | 1.28 AC |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5757-006-021 | Improvements Assessment | $1,300,937 |
| Land Assessment | $2,395,717 | Total Assessment | $3,696,654 |
Property Taxes
Parcel Number
5757-006-021
Land Assessment
$2,395,717
Improvements Assessment
$1,300,937
Total Assessment
$3,696,654
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670 N Rosemead Blvd - By-Right Residential Redevelopment
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