For Sale
$2,800,000

234 El Molino AvePasadena, CA 91101

Playhouse District gem, 5,012 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story creative office building, located in Pasadena's prestigious Playhouse District, presents a unique owner-user investment opportunity. Boasting 5,012 square feet of versatile space on a substantial 10,446 square foot lot, this Class B property offers ample room for growth and expansion. Built in 1982, the building features 18 parking spaces, a significant advantage in this highly desirable area. The property's zoning is C, allowing for a variety of uses. The asking price is $2,800,000, translating to $558.66 per square foot. The gross lease structure simplifies management. The building's design incorporates multiple skylights, maximizing natural light, and the ground floor includes an enclosed courtyard with full-height glass sliders, perfect for collaborative work or relaxation. Its prime location offers easy access to major thoroughfares, public transportation, and is within walking distance of numerous amenities, including top-rated restaurants, banks, Paseo Colorado, and the Lake Avenue Gold Line Station. This property is an ideal investment for businesses seeking a vibrant, accessible, and inspiring workspace in a highly sought-after location. The multi-tenant capacity provides flexibility for various business models. The property features no tenant credit rating.

Highlights

  • Prime Playhouse District location, near restaurants, banks, Paseo Colorado, and the Gold Line Station.
  • Ample parking with 18 spaces.
  • Abundant natural light from multiple skylights.
  • Ground floor enclosed courtyard with full-height glass sliders.

Property Details for 234 El Molino Ave

Property type
Office properties, Office space
Square Feet
5,012 SF
Class
B
Year Built
1982
Stories
2

Location Insight

City
Pasadena
County
Los Angeles
State
California
Latitude
34.150053273604
Longitude
-118.1369477913
234 El Molino Ave, Pasadena, California

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234 El Molino Ave
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