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$15,500,000
Est. payment /mo
1.95 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL23250919
HOA Y/N No
Lot Size 1.946 Acres
Acres 1.95
Property Sub-Type Unimproved Land
Property Description
Exceptional investment opportunity in the heart of the City of South Pasadena, CA. Discover a rare gem -- a 1.300-acre development site within a vibrant 1.945-acre city block. Prime location with a 94/100 walk score, 108-unit entitlement, condo rights, and 10,597 SF of new retail fronting bustling Mission Street. Just a block from the Metro Gold Line, the site sits in the heart of South Pasadena's historic shopping district full of charm, walkability, and community vitality. Historic El Centro buildings are fully leased with plans underway for a food hall + songwriter venue. Acquire the 1.3-acre development site for $15.5M (closing upon APN recordation) or seller may consider selling the entire 1.945-acre city block, including leased historic buildings, for $23M. Don't miss this rare opportunity to invest in South Pasadena's walkable, culturally vibrant downtown. Contact us now -- two APNs, full entitlements, and the most sought-after location in the City of South Pas!
Location
State CA
County Los Angeles
Zoning MSSP
Interior
Fireplace No
Exterior
View Y/N true
View City Lights, Other
Building
New Construction No
Others
Tax ID UNAVAILABLE
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Listed by Matthew Gangi • Tricity Realty Inc