630 Mission St
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630 Mission St
7,300 SF 90% Leased Office Building South Pasadena, CA 91030 $4,499,000 ($616/SF)
Investment Highlights
- OWNER USER - INVESTMENT - PRIME DEVELOPMENT
- irreplaceable Southern California suburban infill CLASS A location
- Enormous upside potential with aggressive value-add strategies
- Seller financing available with lower than market rates and very favorable terms
Executive Summary
Seller financing available with lower than market rates and very favorable terms! Introducing an unparalleled commercial real estate opportunity distinctively situated in a highly desirable section of South Pasadena’s Mission St. Downtown Plan. Comprising a large C3 zoned double lot sprawling across approximately 14,789 SF, this remarkable property features a solidly built, concrete construction commercial building spanning approximately 6,687 SF - 7,300 SF in a highly coveted, large parking lot of 14,789 SF. Currently configured with five versatile suites of various sizes, the commercial building also includes a second-floor 408 SF bonus space with a bathroom. Notably, this strategically placed property boasts an impressive 116 SF of frontage along prime Mission St with zoning and approved uses that offer a buyer many uses and development options.
This exceptional property stands as a beacon of local accessibility and regional convenience. With easy, seamless access to the 110 and 210 Freeways, and strategically positioned within a 1/2-mile radius of the Metro Gold Line station, getting to and from this prime location to anywhere in Greater LA, and Southern California generally, is a relative breeze. Its adjacency to an array of local dining and retail establishments elevates its appeal as an investment opportunity.
Offering a blend of stability and exceptional value, this acquisition beckons the astute investor seeking prime real estate in an irreplaceable Southern California suburban infill location within a dense, thriving, and affluent community. South Pasadena's esteemed quality of life, renowned schools, and abundant amenities underscore its commercial vibrancy, rendering this property an unparalleled asset in a desirable locale. For more details, please visit:
www.630mission.com
Key Highlights:
- Unparalleled potential for repositioning with high barriers to entry.
- Ideal for Owner-User, Prime Investment, or Development Opportunities.
- Boasting pride of ownership, this turn-key asset epitomizes excellence.
- Immediate value-add potential in a highly sought-after locale.
- Boasting exceptional demographics and proximity to renowned schools.
- Prominent exposure with over 116 SF of frontage along prime Mission St.
- First time offered on the market in over 46 years!
- Enormous upside potential with aggressive value-add strategies.
- Proximity to desirable amenities and services.
- Includes two lots with parcel #5313-006-038 & #5313-006-039.
** Kindly Refrain from Disturbing Tenants. ***
AGENT IS RELATED TO ONE OF THE SELLERS
This exceptional property stands as a beacon of local accessibility and regional convenience. With easy, seamless access to the 110 and 210 Freeways, and strategically positioned within a 1/2-mile radius of the Metro Gold Line station, getting to and from this prime location to anywhere in Greater LA, and Southern California generally, is a relative breeze. Its adjacency to an array of local dining and retail establishments elevates its appeal as an investment opportunity.
Offering a blend of stability and exceptional value, this acquisition beckons the astute investor seeking prime real estate in an irreplaceable Southern California suburban infill location within a dense, thriving, and affluent community. South Pasadena's esteemed quality of life, renowned schools, and abundant amenities underscore its commercial vibrancy, rendering this property an unparalleled asset in a desirable locale. For more details, please visit:
www.630mission.com
Key Highlights:
- Unparalleled potential for repositioning with high barriers to entry.
- Ideal for Owner-User, Prime Investment, or Development Opportunities.
- Boasting pride of ownership, this turn-key asset epitomizes excellence.
- Immediate value-add potential in a highly sought-after locale.
- Boasting exceptional demographics and proximity to renowned schools.
- Prominent exposure with over 116 SF of frontage along prime Mission St.
- First time offered on the market in over 46 years!
- Enormous upside potential with aggressive value-add strategies.
- Proximity to desirable amenities and services.
- Includes two lots with parcel #5313-006-038 & #5313-006-039.
** Kindly Refrain from Disturbing Tenants. ***
AGENT IS RELATED TO ONE OF THE SELLERS
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
7,300 SF
Building Class
B
Year Built
1948
Price
$4,499,000
Price Per SF
$616
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,300 SF
Building FAR
0.49
Lot Size
0.34 AC
Zoning
C3 - Downtown South Pasadena mixed-use, corridor offers many permitted uses as retail, Med, Personal/Professional Services, MULTI-FAMILY, & many CUP's.
Parking
24 Spaces (3.29 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Golf Course
- Wheelchair Accessible
- Central Heating
- Air Conditioning
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,800,000 | |
Land Assessment | $2,200,000 | Total Assessment | $4,000,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,200,000
Improvements Assessment
$1,800,000
Total Assessment
$4,000,000
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630 Mission St
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