For Sale
$8,350,000

118-128 Fair Oaks AvePasadena, CA 91103

Historic Charm, Prime Location, Owner/User

Overview

Added:
Dec 11, 2024
Days on market:
114
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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
118-128 Fair Oaks Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message