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198 N Hudson Avenue, Pasadena, CA

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198 N Hudson Avenue

Pasadena, CA 91101 - Pasadena/Arcadia/Monrovia Submarket


Property Type:Specialty Sub Type:Religious Facility Status:Existing Year Built:1922
Stories:2 Typical Floor:2,471 SF Building Size:4,943 SF
For Sale Price:$1,700,000 Price/SF:$343.92
Cap Rate:4.65 %



Sale Notes:
Currently the sanctuary for St. John the Apostle, American Orthodox Catholic Church. Built in 1922 Art Deco Style building Zoned CD-5 with permitted building height of 60ft. Buyer to check with Building and Planning for highest and best use. Walnut sidewalk boundary dedication if redeveloped. Prime investment area. One block west of North Lake Avenue Shopping District. Located in the Pasadena Playhouse District, West-Central Neighborhood of Pasadena. Many, upscale, high density luxury condos, mixed use buildings and developments in the area, including Century Square Venture which is adjacent, City Place, and Luxe Apartments close by. Cap Rate based on current market rental rate for existing building.

Pasadena Playhouse District.
WALLACE BROS OLIVEWOOD SUB W 65 FT EX OF STS OF LOT 11 AND W 65 FT OF LOT 12

Gardner & Gardner Properties
Kevin Gardner
(626) 599-2015




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