1736-1740 N Sierra Bonita Ave
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1736-1740 N Sierra Bonita Ave
4,068 SF Office Building Pasadena, CA 91104 $1,800,000 ($442/SF)
Investment Highlights
- Substantial future development potential - Possibly five additional residential units
- Surrounded by high-earning, residential neighborhoods
Executive Summary
Don’t miss this unique opportunity to acquire two commercial buildings that are surrounded by homes. The property consists of two lots totalling 13,973 SF with three buildings. The two front buildings are commercial (1,008 SF and 2,138 SF), and there is a 912-SF, craftsman, 3-bed, 2-bath, fully remodeled, single-family home in the back. All buildings can be delivered vacant at closing. Create the most convenient restaurant, shop, or office for the high-earning customers and clients who live nearby. The front portion of the property is zoned C2, which allows a variety of uses, including medical offices, dental offices, professional offices, executive suites, restaurants, bakeries, delicatessens, clothing stores, hardware stores, grocery stores, ice cream shops, and more. On top of that, the back of the property is zoned R2, which allows two single-family residences along with junior ADUs and detached ADUs for each. Preliminary research suggests that up to five additional residential units could be constructed. Build the perfect space for your own business and generate additional income with residential units. Max out the development potential and then sell for a profit, or build a home for yourself and generate income on the rest. The possibilities are endless!
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
4,068 SF
Building Class
C
Year Built
1914
Price
$1,800,000
Price Per SF
$442
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,068 SF
Building FAR
0.29
Lot Size
0.32 AC
Zoning
LCR2VV & LCC2 - The western ±90 feet are zoned C2 commercial. The eastern ±110 feet are zoned R2 residential. Los Angeles County jurisdiction
Parking
8 Spaces (1.97 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $408,000 | |
| Land Assessment | $714,000 | Total Assessment | $1,122,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$714,000
Improvements Assessment
$408,000
Total Assessment
$1,122,000
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1736-1740 N Sierra Bonita Ave
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