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Off Market
1/13

953 Washington Blvd
Pasadena, CA 91104


HIGHLIGHTS

  • Creative Flex, Owner/User; SBA Potential; Value-Add Investment Opportunity; Satellite Remote Work Space
  • Suitable for a variety of users; Ghost Kitchen, Coffee House/Roaster; Art Studio; Exhibit and or Maker Space;
  • Price /Building SF $328.24 & Price/Land SF $199.12
  • 11-15 Surface Spaces are available; Roof Replaced December 2015
  • Very Walkable Location (Walk Score 83); Close to I-210 Foothill Freeway
  • Ideal Satellite location for a variety of businesses

OVERVIEW

The subject property is a 6,090 square foot building with open floor plan situated on .23 Acre lot. The structure was constructed in 1961 and is currently vacant. The subject property under current zoning of SP-1C (North Lake Specific Plan allows for potentially a variety of commercial uses including mixed-use, and work/live units (city of Pasadena Zoning). Located at 953 E. Washington Boulevard in Pasadena, the subject property intersects with Lake Avenue which benefits from a traffic count of approximately 32,623 vehicles per day (Costar). The property is additionally located within the East Washington Village and the Historic Highlands Landmark District, which have undergone significant commercial development within the last decade. The district’s southwestern section is home to many federal-style homes, making it a frequent location for films. The Subject offering is located in one of the strongest submarkets in San Gabriel Valley with great rental demand. The corner location makes the property amenable to many different uses (Buyer to verify with City of Pasadena) perfect for the creative investor. This opportunity is for the entrepreneurial investor looking for the upside value-add component to investment real estate.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Small Biz Remote Work Space

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

6090

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

5848-030-007