Vacant Multifamily Repositioning
For Sale
Contact for pricing
Pending
1577 N Fair Oaks Ave, Pasadena, CA 91103
Vacant building and adjoining land offer multiple redevelopment and residential repositioning configurations.
Property Size13,500 SF
Lot Size0.62 Acres
Days on Market142
Property Features for 1577 N Fair Oaks Ave
General Information
Standard status
Pending
Size
13,500 SF
Lot size
0.62 Acres
Property subtype
Multifamily, Land
Property Condition
Severity
Major Repairs Needed
Evidence
the interiors ripped down to the studs
Additional Details
Road Access
Yes
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Northmarq Capital, LLC
Listed By:
Bryan Schellinger · License #CA
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 10:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
The property comprises two adjoining parcels at 1577 N Fair Oaks Ave. and 25 W. Howard St. in Pasadena. The Fair Oaks parcel includes a fully vacant structure of more than 13,500 SF, built in 1965, with frontage along Fair Oaks Avenue. The interiors have been removed to the studs. A separate 6,500 SF vacant land parcel sits behind the building and is accessed from W. Howard Street. The former facility contained 25 nursing home beds.
Under the current 16 units per acre zoning in the Fair Oaks/Orange Grove Specific Plan, the combined 27,153 SF lot permits 9 dwelling units. The plan is being updated to allow up to 32 units per acre, which would permit 19 residential units across the site if adopted. The source information also identifies a potential SB 1818 density bonus scenario accommodating 27 residential dwellings, including 3 below-market-rate units.
Under the current 16 units per acre zoning in the Fair Oaks/Orange Grove Specific Plan, the combined 27,153 SF lot permits 9 dwelling units. The plan is being updated to allow up to 32 units per acre, which would permit 19 residential units across the site if adopted. The source information also identifies a potential SB 1818 density bonus scenario accommodating 27 residential dwellings, including 3 below-market-rate units.
Key Highlights
- Combined 27,153 SF lot across two adjoining parcels
- 13,500+ SF vacant structure built in 1965
- Separate 6,500 SF vacant parcel with access from W Howard St
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Explore this area
Business Placement
Demographics for 91103, CA
26,887
Population
9,392
Households
2.9
Avg Household Size
39
Median Age
38%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
5,845
Density / Sq Mi
$84,683
Median Household Income
$43,591
Median Earnings
$1,925
Median Rent
$960,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Vacant building and adjoining land offer multiple redevelopment and residential repositioning configurations.
Where is this multifamily property located?
The property is located at 1577 N Fair Oaks Ave Pasadena, CA.
What are key features of this property?
This property features: Combined 27,153 SF lot across two adjoining parcels; 13,500+ SF vacant structure built in 1965; Separate 6,500 SF vacant parcel with access from W Howard St
