118-128 Fair Oaks AvePasadena, CA 91103

Property Details for 118-128 Fair Oaks Ave

Year built

1905

Property size (Sq ft)

10,527 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.148

Longitude

-118.151

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