630 Mission StSouth Pasadena, CA 91030

Property Details for 630 Mission St

Lot size

0.17 AC

Property size (Sq ft)

7,300 SF

Zone code

SPCM*

Property type

Retail properties

Property subtype

Parking lots & garages

APN

5313-006-038

APU

5313006038

Description

This exceptional South Pasadena mixed-use property offers 7,300 square feet of rentable space across five units in a Class A building on a 14,789 square foot double lot (APN #5313-006-038 & #5313-006-039). Built in 1948, the property boasts 116 feet of frontage on Mission Street, with C3 zoning allowing for diverse uses and development potential. Currently 90% occupied, the building features a mix of creative, medical, and traditional office spaces, plus a 408 square foot bonus space on the second floor. The asking price is $4,499,000 ($616.30/sq ft). Seller financing is available with favorable terms. The property's prime location offers easy access to the 110 and 210 freeways and the Metro Gold Line, surrounded by a thriving community with ample dining and retail options. This is a rare opportunity to acquire a trophy asset in a highly sought-after South Pasadena location, presenting significant value-add potential for owner-users, investors, or developers. The property has been meticulously maintained and presents a turn-key opportunity with immediate value-add potential. This is a first-time market offering in over 46 years. More information, including floor plans and site plans, is available online.

• CAP approach

  CAP return

  Valuation

  6%

  $2,875,466

  6.5%

  $2,654,276

  7%

  $2,464,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,483,618

  Geo Method

  $3,498,183

• Alternative Use

  Use

  Valuation

  Residential

  $2,238,981

  Hospitality

  $2,050,895

  Educational

  $1,706,320

  Medical

  $1,765,003

  Retail

  $2,654,276

Location Insight

City

South Pasadena

County

Los Angeles

State

California

Latitude

34.116

Longitude

-118.162

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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