275 E California Blvd - Office/Residential FOR SALE


Pasadena, CA 91106- Downtown Pasadena
$2,300,000 USD
818-939-4058
275 E California Blvd, Pasadena, CA for Sale
$2,300,000 USD
Office/Residential - FOR SALE
1/11
null | Request Cap Rate

275 E California Blvd
Pasadena, CA 91106
Downtown Pasadena


HIGHLIGHTS

  • Freestanding ±3,008 square foot Craftsman-style office building situated on a ±8,886 square foot lot with 11 on-site parking spaces.
  • Ideal for an owner-user seeking to establish a long-term presence in Pasadena
  • Office use legally established through a 2003 Conditional Use Permit and supported by the Office Conversion overlay
  • Significant upgrades include flooring, electrical improvements, bathroom and kitchen additions, new HVAC, and a new roof.
  • Underlying RM-32 zoning and the generous lot depth create optionality for future redevelopment or residential use, subject to buyer due diligence.
  • Prime central Pasadena location near the Playhouse District, South Lake Avenue, Caltech, and PCC (AVHH $125,000+ 1 mile radius)

OVERVIEW

The CREM Group is pleased to present for sale 275 East California Boulevard, a freestanding craftsman-style office building located in prime Pasadena. The property consists of approximately 3,008 square feet of space on an 8,886 square foot lot and includes 11 on-site parking spaces. The current flexibility makes it well suited for a business seeking to transition from renting to owning in a central location that consistently attracts professional users. The property’s office use was formally established through a Conditional Use Permit in 2003 and remains permissible under the City’s Office Conversion overlay, giving an owner-user a clear path to occupancy. Upon acquiring the property, the owner substantially improved the building with updated flooring, electrical upgrades, upgraded lighting, bathroom and kitchen additions, upgraded HVAC, and a new roof. These enhancements make the space functional on day one while retaining the character that defines early Pasadena architecture. The lot size is notably generous, providing more privacy, better parking, and long-term flexibility. The underlying RM-32 zoning introduces future residential possibilities, and the OC overlay preserves its office entitlement. The building is also designated a Structure of Merit by the City of Pasadena, reflecting its historic significance. Buyers should conduct their own investigation of any development or exterior modification plans.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$765 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,886 SF

ZONING

RM-32-OC

APN/PARCEL ID

5722-017-012

ASK ABOUT THIS PROPERTY

Andrew LeffThe CREM GroupMore Info
818-939-4058

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Andrew LeffThe CREM GroupMore Info
818-939-4058

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