23 Mentor AvePasadena, CA 91106

Property Details for 23 Mentor Ave

Year built

1925

Construction

TILT-UP CONCRETE

Lot size

0.12 AC

Property size (Sq ft)

5,760 SF

Zone code

PSC-

Property type

Investment properties

Property subtype

Retail residential properties

APN

5738-008-056

APU

5738008056

Description

This exceptional mixed-use property, located at 23-27 N Mentor Avenue in Pasadena, California's Playhouse Village, presents a unique owner-user opportunity. The 5,760 square foot building, constructed in 1925, boasts a charming two-story design and sits on a 5,373 square foot lot. Currently configured as three suites, the ground floor features retail spaces occupied by a bridal shop (month-to-month lease) and a photography studio (lease expiring 11/30/2024). The second floor offers a vacant suite with an open floor plan, private offices, and a conference room, ideal for various uses. The property includes fourteen tandem parking spaces in the rear and is individually metered for electricity. Its prime location in Playhouse Village offers easy access to I-210 and the Metro A Line Lake Avenue station (seven-minute walk). Nearby amenities include the Pasadena Playhouse, numerous shops, restaurants, and the Ice House comedy club. This Class C building, zoned CD5, represents a rare chance to own a piece of Pasadena's rich history while capitalizing on the vibrant energy of Playhouse Village. The asking price is $3,300,000, with a price per square foot of $572.92. The property's multi-tenant configuration allows for income generation from existing retail spaces, while the vacant upper floor provides flexibility for an owner-occupier. This is an ideal investment for those seeking a blend of historical charm and modern convenience in a thriving Pasadena location.

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1465

Longitude

-118.131

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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