1139 Fair Oaks Ave - Freestanding FOR SALE


Pasadena, CA 91105- Bellefontaine
$1,890,000 USD
626-676-4230
1139 Fair Oaks Ave, Pasadena, CA for Sale
$1,890,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

NEW


1139 Fair Oaks Ave
Pasadena, CA 91105
Bellefontaine


HIGHLIGHTS

  • Freestanding Property zoned for Medical, Retail, or Office
  • Located in a medical overlay zone, just south of Cedars-Sinai Huntington Hospital
  • 62 SF of Street frontage and on-site parking in rear gated lot
  • Zoned SFO MU-G
  • Perfect for an Owner User

OVERVIEW

This irreplaceable location in Pasadena has gone through a massive growth as it sits in one of the top areas for major world class medical institutions driven by 617 bed Cedars-Sinai Huntington Hospital, UCLA Healthcare, Keck Medicine of USC’s new 100k sf Medical Building, Cedars new 100k sf medical building, Shriners Children’s Hospital and a myriad of top of their class recognized healthcare facilities all within the Fair Oaks corridor. Huntington Hospital continues to be recognized as the #1 hospital in California and 2nd in the US for cardiology, heart, and vascular surgery. Driven by exceptionally high demand and revitalization efforts, ongoing residential development, and infrastructure improvements, the Huntington Hospital medical campus and adjacent medical offices attract a constant flow of professionals and patients, while the surrounding neighborhoods—such as South Pasadena, San Marino, Madison Heights and South Arroyo— boast some of the highest median home values in the region. Additionally, the property is within minutes of Old Pasadena, a thriving dining and retail district that continues to expand its footprint, increasing the area’s overall commercial appeal. Well located, smaller owner user freestanding properties like 1139 Fair Oaks are rarely available for sale and are in high demand. As a stabilized owner-user asset and as a long-term investment play, 1139 Fair Oaks offers a rare chance to participate in Pasadena’s evolution while benefiting from the security and upward trajectory of a prime, supply-constrained top of the class market. The property is zoned SP-2 allowing for medical, retail or office. It sits in the South Fair Oaks Specific Plan with the goal and focus here to provide a mixed-use district with multi-family housing, neighborhood serving amenities, medical services, and educational and employment opportunities, all easily accessible via excellent nearby transit options including major light rail lines, freeways and major easy to get to transportation corridors.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$717 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

SP-2

APN/PARCEL ID

5719-018-010

ASK ABOUT THIS PROPERTY

Andrew BerkAvison YoungMore Info
626-676-4230

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Andrew BerkAvison YoungMore Info
626-676-4230

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.