848 Fair Oaks AvePasadena, CA 91103

Property Details for 848 Fair Oaks Ave

Year built

1962

Construction

TILT-UP CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

10,050 SF

Zone code

PSM*

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

5725-001-008

APU

5725001008

Description

This exceptional 10,050 square foot medical office building, located at 848 N. Fair Oaks Ave in Pasadena, California (91103), presents a unique investment opportunity. Currently owner-occupied and used for manufacturing, the property will be delivered vacant upon escrow closing, offering significant flexibility for future use. Built in 1962, the building sits on a 14,625 square foot lot and boasts a 16-foot ceiling height. The asking price is $3,488,000, translating to $347.06 per square foot. The property is zoned under the Fair Oaks Orange Grove Specific Plan, allowing for potential redevelopment opportunities, including residential or multi-family uses (subject to city approvals). The property's fee simple ownership provides complete control and potential for long-term appreciation. The Assessor's Parcel Number (APN) is 5725-001-008. This prime Pasadena location offers excellent access to major transportation routes and a thriving community. Detailed information, including the Offering Memorandum, is available online. This is a rare chance to acquire a substantial property in a desirable area with significant upside potential. Serious inquiries only.

• Alternative Use

  Use

  Valuation

  Residential

  $3,082,433

  Hospitality

  $2,823,492

  Educational

  $2,349,112

  Medical

  $2,429,902

  Retail

  $3,654,175

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1605

Longitude

-118.15

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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