South Pasadena CA Opportunity 2 biens | À vendre | 21 299 250 € | South Pasadena, CA

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.