444 Fair Oaks AvePasadena, CA 91103

Property Details for 444 Fair Oaks Ave

Year built

1920

Construction

WOOD

Lot size

1.86 AC

Property size (Sq ft)

6,720 SF

Zone code

PSC*

Property type

Industrial properties

Property subtype

Flex space

APN

5725-003-058

APU

5725003058

Description

This exceptional 1.86-acre land parcel in Pasadena, California, presents a remarkable development opportunity. Located at 444 N Fair Oaks Ave, 91103, this property boasts a prime location within walking distance of Old Town Pasadena and just 0.4 miles from the Memorial Park Metro Station, making it highly desirable for transit-oriented development. The existing zoning allows for a maximum of 162 units under the General Plan, with potential for up to 243 units utilizing the State Density Bonus Law (+50%). Permitted uses include Research & Development, Medical-Office, Office, Retail, and Mixed-Use developments, offering significant flexibility for potential projects. The property also includes income-producing cell tower leases with three national carriers, available for separate purchase. Extensive due diligence for a previously proposed (but not entitled) 206-unit development is available to qualified buyers under a confidentiality agreement. The asking price for this exceptional development site is $18,500,000. All zoning information and permit requirements should be independently verified with the City of Pasadena Planning Department.

• Alternative Use

  Use

  Valuation

  Residential

  $2,061,090

  Hospitality

  $1,887,947

  Educational

  $1,570,750

  Medical

  $1,624,770

  Retail

  $2,443,388

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1535

Longitude

-118.15

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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