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South Pasadena CA Opportunity 2 Properties Offered at $25,000,000 in South Pasadena, CA
INVESTMENT HIGHLIGHTS
- South Pasadena CA Opportunity represents two parcels offered for sale at Mission Street, spanning 56,634 SF and El Centro with 28,122 SF.
- Mission Street development parcel is a 1.3-acre site showcasing a chance to bring new housing and retail into a lively area.
- El Centro is a fully leased food hall, including acclaimed tenants Villa's Tacos, Lit Brew, and Sid The Cat, already drawing attention.
- Combine the two parcels to own an entire 1.945-acre block to secure an irreplaceable footprint in the city's most sought-after district.
- Located one block from the Metro A (Gold) line station in the heart of South Pasadena's Downtown shopping district.
EXECUTIVE SUMMARY
Embark on an exceptional investment and development opportunity in the heart of South Pasadena, California. Celebrated for its top-rated public schools, tree-lined streets, historic character, and creative energy, South Pasadena is consistently ranked among Los Angeles County’s most sought-after communities. This property is a 1.945-acre, fully entitled city block consisting of two distinct parcels, offered for sale combined or separately.
Mission Street Development Parcel (APN 5315-008-048) at 1025 Mission Street encompasses 1.3 acres (56,634 square feet) fully entitled for 108 residential units with condominium rights and 10,597 square feet of ground-floor retail. This parcel is offered separately for $15.5 million.
El Centro / School Hall Parcel (APN 5315-008-049) at 1020 El Centro Street is situated on a 28,122-square-foot parcel, featuring 11,435 square feet of beautifully rehabilitated historic buildings. The property is fully leased to premier tenants, including Villa’s Tacos (Michelin-rated), The Boy & The Bear Coffee Roasters, Lit Brew, and Sid The Cat. This offering is offered separately for $12 million.
The combined offering of the two APNs comprising 1.945 acres is available for $25 million. This flagship city block assemblage offers both immediate yield and exciting development potential.
Discover a rare gem in the bustling core of Downtown South Pasadena, boasting a 94 Walk Score, one block from the Metro A Line (Gold Line), and surrounded by the city’s best dining, cafés, and retail. Don't miss out on a mixed-use development opportunity in the top-tier Los Angeles County market of South Pasadena, a city consistently recognized for its award-winning public schools and vibrant, walkable downtown.
Mission Street Development Parcel (APN 5315-008-048) at 1025 Mission Street encompasses 1.3 acres (56,634 square feet) fully entitled for 108 residential units with condominium rights and 10,597 square feet of ground-floor retail. This parcel is offered separately for $15.5 million.
El Centro / School Hall Parcel (APN 5315-008-049) at 1020 El Centro Street is situated on a 28,122-square-foot parcel, featuring 11,435 square feet of beautifully rehabilitated historic buildings. The property is fully leased to premier tenants, including Villa’s Tacos (Michelin-rated), The Boy & The Bear Coffee Roasters, Lit Brew, and Sid The Cat. This offering is offered separately for $12 million.
The combined offering of the two APNs comprising 1.945 acres is available for $25 million. This flagship city block assemblage offers both immediate yield and exciting development potential.
Discover a rare gem in the bustling core of Downtown South Pasadena, boasting a 94 Walk Score, one block from the Metro A Line (Gold Line), and surrounded by the city’s best dining, cafés, and retail. Don't miss out on a mixed-use development opportunity in the top-tier Los Angeles County market of South Pasadena, a city consistently recognized for its award-winning public schools and vibrant, walkable downtown.
PROPERTY FACTS
| Price | $25,000,000 | Number of Properties | 2 |
| Price / SF | $2,186 / SF | Individually For Sale | 2 |
| Sale Condition | Redevelopment Project | Total Building Size | 11,435 SF |
| Sale Type | Investment | Total Land Area | 2.55 AC |
| Status | Active |
| Price | $25,000,000 |
| Price / SF | $2,186 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 11,435 SF |
| Total Land Area | 2.55 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Fairview Court -- South Pasadena
1025 Mission St, South Pasadena, CA 91030 |
Land | 1.90 AC | - | $15,500,000 |
|
School Hall
1020 El Centro St, South Pasadena, CA 91030 |
Retail | 11,435 SF | 1920 | $12,000,000 |
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