118-128 Fair Oaks Ave Pasadena, CA 91103
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Historic Charm, Prime Location, Owner/User
Property size:
10,527 SFProperty Features for 118-128 Fair Oaks Ave
General Information
- Property type
- Office Units
- Square Feet
- 10,527 SF
- Class
- B
Building Details
- Year Built
- 1905
- Stories
- 2
Listing Agent: Cheryl Pestor
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional two-story, 10,527 square foot creative office building at 118-128 N. Fair Oaks Ave in Pasadena, CA, presents a rare investment opportunity. Built in 1905 with various renovations throughout its history, this Class B property boasts an Early California Craftsman-inspired interior and exterior featuring tall, narrow windows, extended brick cornices, and a vintage neon sign. The building sits on an 11,112 square foot lot and includes 12 parking spaces. Located in the highly desirable Old Pasadena, this fee-simple property is zoned CD-MU-C and offers a prime location directly across from the recently completed 10 West Walnut mixed-use development, encompassing over 210,000 square feet of office space, retail, and residential units. The area is known for its vibrant revitalization, preserved historic charm, and affluent demographics, with an average household income of $158,194 within a three-mile radius. Its proximity to Colorado Boulevard, the Rose Parade route, and the Rose Bowl further enhances its desirability. The asking price is $8,350,000 ($793.19/sq ft), with an occupancy date of December 14, 2024. Old Pasadena's active marketing and management district contribute to a thriving and well-maintained environment, attracting both residents and tourists. This is a generational opportunity to acquire a trophy asset in a high-barrier-to-entry market.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.1505059
- Latitude
- 34.1480426
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FAQs
What type of property is this?
Office units - Historic Charm, Prime Location, Owner/User
Where is this office units located?
The property is located at 118-128 Fair Oaks Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $8,350,000.
What are key features of this property?
This property features: Exceptional investment opportunity in a highly desirable Old Pasadena location.; Prime Fair Oaks Ave. location, directly across from the new 10 West Walnut mixed-use development (210,000 sf office, 17,500 sf retail, 400 apartments), anchored by Dine Brands headquarters (92,000 sf).; Old Pasadena offers a vibrant, revitalized historic district with strong appeal to residents and tourists.
