CBRE is pleased to present this exceptional opportunity to acquire 815 Fremont Ave, a fully entitled mixed-use development site positioned on a prominent 0.81-acre corner parcel at Fremont Ave and Mission Street in South Pasadena, California. The Project carries approvals for 56 residential condominium units and 3,034 SF of ground-floor commercial space across a 4-story, 35,469 SF building, with entitlements granted by the City of South Pasadena Planning Division pursuant to the State Density Bonus Law.
This distinguished infill opportunity eliminates the entitlement risk and multi-year approval timeline typical of comparable sites in this submarket, allowing a qualified developer to move directly into the building permit and construction process. South Pasadena is one of the most supply-constrained residential submarkets in the San Gabriel Valley, and the Site benefits from a rare convergence of transit access, top-ranked schools, and an affluent surrounding demographic with a median household income well above Los Angeles County averages. Zoned SPCM within the Downtown Specific Plan, the Property sits just 0.3 miles from the Metro A Line's Mission Station, offering a compelling foundation for a high-quality residential and mixed-use development in one of the region's most desirable communities.