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- LoopNet Team
953 Washington Blvd
Pasadena, CA 91104
Small Biz Remote Work Space · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Creative Flex, Owner/User; SBA Potential; Value-Add Investment Opportunity; Satellite Remote Work Space
- Price /Building SF $328.24 & Price/Land SF $199.12
- Very Walkable Location (Walk Score 83); Close to I-210 Foothill Freeway
- Suitable for a variety of users; Ghost Kitchen, Coffee House/Roaster; Art Studio; Exhibit and or Maker Space;
- 11-15 Surface Spaces are available; Roof Replaced December 2015
- Ideal Satellite location for a variety of businesses
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Fenced Lot
- Security System
- Storage Space
ABOUT 953 WASHINGTON BLVD , PASADENA, CA 91104
The subject property is a 6,090 square foot building with open floor plan situated on .23 Acre lot. The structure was constructed in 1961 and is currently vacant. The subject property under current zoning of SP-1C (North Lake Specific Plan allows for potentially a variety of commercial uses including mixed-use, and work/live units (city of Pasadena Zoning). Located at 953 E. Washington Boulevard in Pasadena, the subject property intersects with Lake Avenue which benefits from a traffic count of approximately 32,623 vehicles per day (Costar). The property is additionally located within the East Washington Village and the Historic Highlands Landmark District, which have undergone significant commercial development within the last decade. The district’s southwestern section is home to many federal-style homes, making it a frequent location for films. The Subject offering is located in one of the strongest submarkets in San Gabriel Valley with great rental demand. The corner location makes the property amenable to many different uses (Buyer to verify with City of Pasadena) perfect for the creative investor. This opportunity is for the entrepreneurial investor looking for the upside value-add component to investment real estate.
PROPERTY TAXES
| Parcel Number | 5848-030-007 | Improvements Assessment | $920,066 |
| Land Assessment | $1,082,432 | Total Assessment | $2,002,498 |
PROPERTY TAXES
