Exceptional investment opportunity in the heart of the City of South Pasadena, CA. Discover a rare gem — a 1.300-acre development site within a vibrant 1.945-acre city block. Prime location with a 94/100 walk score, 108-unit entitlement, condo rights, and 10,597 SF of new retail fronting bustling Mission Street. Just a block from the Metro Gold Line, the site sits in the heart of South Pasadena’s historic shopping district full of charm, walkability, and community vitality. Historic El Centro buildings are fully leased with plans underway for a food hall + songwriter venue. Acquire the 1.3-acre development site for $15.5M (closing upon APN recordation) or seller may consider selling the entire 1.945-acre city block, including leased historic buildings, for $23M. Don’t miss this rare opportunity to invest in South Pasadena’s walkable, culturally vibrant downtown. Contact us now — two APNs, full entitlements, and the most sought-after location in the City of South Pas!
Property Details
Price:
$15,500,000
MLS #:
23250919
Status:
Active
Baths:
0
Address:
1020 El Centro Street UNAVAILABLE
Type:
Land
Neighborhood:
658sopasadena
City:
South Pasadena
Listed Date:
Mar 14, 2023
State:
CA
ZIP:
91030
Lot Size:
84,746 sqft / 1.95 acres (approx)
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- Address1020 El Centro Street UNAVAILABLE South Pasadena CA
- Area658 – So. Pasadena
- CitySouth Pasadena
- CountyLos Angeles
- Zip Code91030
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1020 El Centro Street UNAVAILABLE
South Pasadena, CA
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