This exceptional two-story, 10,527 square foot creative office building at 118-128 N. Fair Oaks Ave in Pasadena, CA, presents a rare investment opportunity. Built in 1905 with various renovations throughout its history, this Class B property boasts an Early California Craftsman-inspired interior and exterior featuring tall, narrow windows, extended brick cornices, and a vintage neon sign. The building sits on an 11,112 square foot lot and includes 12 parking spaces. Located in the highly desirable Old Pasadena, this fee-simple property is zoned CD-MU-C and offers a prime location directly across from the recently completed 10 West Walnut mixed-use development, encompassing over 210,000 square feet of office space, retail, and residential units. The area is known for its vibrant revitalization, preserved historic charm, and affluent demographics, with an average household income of $158,194 within a three-mile radius. Its proximity to Colorado Boulevard, the Rose Parade route, and the Rose Bowl further enhances its desirability. The asking price is $8,350,000 ($793.19/sq ft), with an occupancy date of December 14, 2024. Old Pasadena's active marketing and management district contribute to a thriving and well-maintained environment, attracting both residents and tourists. This is a generational opportunity to acquire a trophy asset in a high-barrier-to-entry market.
Highlights
Exceptional investment opportunity in a highly desirable Old Pasadena location.
Prime Fair Oaks Ave. location, directly across from the new 10 West Walnut mixed-use development (210,000 sf office, 17,500 sf retail, 400 apartments), anchored by Dine Brands headquarters (92,000 sf).
Old Pasadena offers a vibrant, revitalized historic district with strong appeal to residents and tourists.
Two blocks from Colorado Blvd., benefiting from Rose Parade foot traffic and proximity to Rose Bowl events.
Affluent demographics with an average household income of $158,194 within a 3-mile radius.
Featured in Vogue Magazine as an up-and-coming creative hub.
Property Details
for 118-128 Fair Oaks Ave
Property type
Office properties, Office space
Square Feet
10,527 SF
Class
B
Year Built
1905
Stories
2
Location Insight
City
Pasadena
County
Los Angeles
State
California
Latitude
34.1480426
Longitude
-118.1505059
118-128 Fair Oaks Ave, Pasadena, California
Nearby Similar for Sale
For SaleCall for price
Pasadena Creative Office Campus
Prime Pasadena office portfolio; owner-user opportunity.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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118-128 Fair Oaks Ave
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