560 Arroyo Pkwy Pasadena, CA 91105-2520
- Retail space
- 1,344 SF
- 0.14 lot acres
Dec 18, 2023
Current Use by Public Records
- Sophisticated Assistance Towing & Roadside / Towing Service
Property Details for 560 Arroyo Pkwy
- Year built
- 1940
- Lot size
- 0.14 lot acres
- Property size
- 1,344 SF
- Zone code
- PSC-
- Property type
- Retail space
- APN
- 5722-016-019
- APU
- 5722016019
Description
This exceptional mixed-use investment property, located at the highly visible northeast corner of S Arroyo Parkway and E California Blvd in Pasadena, CA (91105), presents a unique redevelopment opportunity. The property encompasses two parcels totaling 18,731 square feet, with a combined 11,768 square feet of existing commercial building space spread across two buildings and two stories. Six units are currently in place. The property boasts an enviable location at one of Pasadena's busiest intersections, experiencing approximately 88,000 vehicles daily. This prime location offers unparalleled visibility and accessibility along two major arterial roads. The asking price is $4,200,000, translating to $356.90 per square foot. The property is offered fee simple and features short-term leases, providing flexibility for owner-users or investors seeking various leasing or redevelopment options. The property has been under the same ownership for over 50 years, making this a rare chance to acquire a truly iconic Pasadena site. APN: 5722-016-019 & 5722-016-037.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.147
- Latitude
- 34.1361
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
