CBRE is pleased to present the opportunity to acquire 33-61 S. Fair Oaks Avenue, a 64,405 square foot mixed-use commercial asset in the heart of Old Pasadena, California. The property spans nearly a full block along S. Fair Oaks Avenue, one block south of Colorado Boulevard, in one of Southern California’s most visited and enduring retail and dining destinations.
The asset comprises three distinct structures united along a contiguous block-length footprint, an original 19th century commercial building that anchors the historic Fair Oaks streetscape, and a purpose-built 2013 addition that expanded the campus to its current scale. Together they accommodate a diverse mix of restaurant, fitness, and office uses across three levels, drawing from one of the highest-traffic pedestrian environments in the San Gabriel Valley. The property is 100% occupied, with in-place rents across a portion of the tenant base set below current market, offering a new owner a clear path to NOI growth through natural lease rollover.