South Pasadena, CA
Commercial Real Estate Market Trends & Data

$638 Avg asking sale price
$35 Avg asking lease rate
7,236 SF Avg unit lease size
11,335 SF Avg building size for sale
4.87% Average cap rate

South Pasadena's Demographic Profile

South Pasadena has 10,314 households and a median income of $124,064, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 26,350
# Households 10,314
Median age 43
Median household income $124,064
Avg household size 3.0
Renter-occupied housing units 5,826
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near South Pasadena, CA

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Highland Park $693 4,827 SF 6.18%
Alhambra $520 5,262 SF 6.73%
Eagle Rock $624 3,570 SF 6.18%
San Gabriel $542 5,235 SF 4.19%
Nearby Retail Markets Avg Cost/SF Typical Size
South Pasadena $962 10,802 SF
Highland Park $863 1,948 SF
Alhambra $622 5,756 SF
San Marino $625 3,193 SF
Eagle Rock $793 3,437 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
South Pasadena $447 13,387 SF 6.08%
Highland Park $324 13,887 SF 5.66%
Alhambra $366 13,884 SF 8.14%
Eagle Rock $413 20,578 SF 6.47%
San Gabriel $424 16,344 SF 6.03%

Commercial Properties For Sale in South Pasadena

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

2101 Vine St

Alhambra, CA 91801

  • 26,886 SF Multifamily
  • 4.52% Cap Rate
  • $10,750,000
For Sale

53 Unit Entitled Condominum Development

South Pasadena, CA 91030

  • 1.26 AC Lot
  • 1 Residential Income Lot
  • $8,000,000
For Sale

1.05 AC Prime Development Land

South Pasadena, CA 91030

  • 1.05 AC Lot
  • 1 Commercial Lot
  • $5,200,000
For Sale

308 Pasadena Ave

South Pasadena, CA 91030

  • 9,990 SF Multifamily
  • 5.01% Cap Rate
  • $6,280,000
For Sale

2212 Larch St

Alhambra, CA 91801

  • 6,499 SF Multifamily
  • 3.82% Cap Rate
  • $2,700,000
For Sale

1500 & 1508 Mission Street

South Pasadena, CA

  • Retail Building
  • 5.94% Cap Rate
  • $10,950,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether South Pasadena pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
South Pasadena $638 11,335 SF
Highland Park $691 7,655 SF
Alhambra $491 10,014 SF
San Marino $470 14,607 SF
Eagle Rock $610 11,103 SF

Regional Demographic Comparison

This comparison places South Pasadena alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in South Pasadena or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
South Pasadena 26,350 10,314 43 $124,064 3 5,826 -3%
Highland Park 53,449 19,274 39 $88,215 3 10,814 -5%
Alhambra 79,236 28,626 42 $76,010 3 17,759 -3%
San Marino 12,112 4,035 49 $189,804 3 610 -3%
Eagle Rock 25,115 8,971 43 $100,042 3 4,337 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in South Pasadena, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in South Pasadena

View All Commercial Real Estate For Sale in South Pasadena
Is South Pasadena a good market for a first-time commercial real estate investor?

South Pasadena offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in South Pasadena?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in South Pasadena. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in South Pasadena?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for South Pasadena. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does South Pasadena compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to South Pasadena. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for South Pasadena acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in South Pasadena, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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