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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!
Property Type(s):
Lot/Land/Acreage
| Last Updated | 6/24/2025 | Year Built | 0 |
|---|---|---|---|
| Community | 658 - So. Pasadena | County | Los Angeles |
Price History
| Prior to Oct 6, '23 | $15,000,000 |
|---|---|
| Oct 6, '23 - Today | $15,500,000 |
Additional Details
| AREA | 658 - So. Pasadena |
|---|---|
| LOT | 1.9455 acre(s) |
| LOT DESCRIPTION | Level |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
Location
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Listed with Tricity Realty Inc
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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