For Sale
South Pasadena, CA
Commercial Real Estate Market Trends & Data
$995
Avg asking sale price
$35
Avg asking lease rate
5,888 SF
Avg unit lease size
10,954 SF
Avg building size for sale
4.98%
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
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Highland Park | $995 | 4,282 SF | 6.18% |
| Alhambra | $491 | 5,428 SF | 7.00% |
| Eagle Rock | $622 | 3,570 SF | 6.18% |
| San Gabriel | $558 | 3,497 SF | 4.19% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| South Pasadena | $1,870 | 8,867 SF |
| Highland Park | $817 | 2,616 SF |
| Alhambra | $746 | 6,149 SF |
| San Marino | $3,063 | 2,161 SF |
| Eagle Rock | $793 | 3,437 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| South Pasadena | $465 | 13,387 SF | 6.08% |
| Highland Park | $360 | 82,387 SF | 5.66% |
| Alhambra | $395 | 10,911 SF | 7.30% |
| Eagle Rock | $484 | 92,255 SF | 5.94% |
| San Gabriel | $498 | 7,512 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
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Size For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $995 | 10,954 SF |
| Highland Park | $692 | 30,059 SF |
| Alhambra | $557 | 9,319 SF |
| San Marino | $1,309 | 12,360 SF |
| Eagle Rock | $685 | 33,100 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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