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Investment Highlights

  • Visit the Property Website to download the Offering Memorandum.
  • Ample Parking Lot in Rear of Building
  • min. 400 amps, 3 phase, 240v (buyer to confirm).
  • Potential for a Fenced Yard

Executive Summary

Currently occupied by the Owner used for manufacturing. Parking lot in the rear of the property and potentially a fenced yard. Power: two single phase lines coming in with two single phase panels. The property will be delivered vacant upon close of escrow.
Also a great development opportunity for Multi-Family or Condos. Height increases to 39 feet which is 4 stories high are being considered by the City to support housing, mixed-use development, and commercial revitalization.

Property Facts

Price $3,388,000
Price Per SF $337.11
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Warehouse
  • OfficeLoft Creative Space
Building Class C
Lot Size 0.34 AC
Rentable Building Area 10,050 SF
No. Stories 2
Year Built 1962
Tenancy Single
Parking Ratio 2.19/1,000 SF
Clear Ceiling Height 13’
No. Drive In / Grade-Level Doors 1
Zoning FGSP-C-3a - Wide zoning, check with City Planning for your use.

Amenities

  • Yard
  • Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
5725-001-008
Land Assessment
$323,195
Improvements Assessment
$207,170
Total Assessment
$530,365
  • Listing ID: 32788754

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: 848 N Fair Oaks Ave, Pasadena, CA 91103

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