Pasadena (SW) (647) Homes with Office Subtype

Pasadena (SW) (647) Homes with Office Subtype

Welcome to the enchanting region of Pasadena, located in the heart of Los Angeles County, California. Known for its rich history, vibrant culture, and stunning architecture, Pasadena is a delightful blend of urban sophistication and suburban charm. Nestled against the picturesque San Gabriel Mountains, this city offers an ideal backdrop for both work and play, making it a prime destination for homebuyers seeking a perfect balance between comfort and convenience.

Pasadena is renowned for its beautiful neighborhoods, each with its own unique character. From the historic homes in Old Town to the modern designs in South Pasadena, you'll find a diverse array of properties that cater to various tastes and lifestyles. Among these, homes with office subtypes are increasingly sought after, particularly for those who embrace the flexibility of remote work or simply desire a dedicated space for productivity. These homes often feature thoughtfully designed office spaces that blend functionality with style, allowing for an inspiring work environment right at home.

Beyond the allure of its residences, Pasadena boasts an array of amenities, including world-class dining, shopping, and cultural attractions. The iconic Rose Bowl, the Norton Simon Museum, and the vibrant Old Pasadena district are just a few highlights that contribute to the city's appeal. With excellent schools, beautiful parks, and a strong sense of community, Pasadena is not just a place to live; it’s a place to thrive.

Whether you’re looking for a cozy bungalow or a spacious family home with an office, Pasadena offers a wealth of options to suit your needs. Discover the charm of this extraordinary city and find your dream home today!

Newest Pasadena (SW) (647) Homes with Office Subtype

$2,500,000
AR26116221 MLS Active Status The Portofino BLDG.
Value-add Opportunity! Prime Location Owner-User or Value-add or Mixed-Use Redevelopment Opportunity, Superb location between Lake Ave & Hill Ave, south of 210 FWY, One of the Best Value-add Deal with ±44% Vacancy, Wide range of Allowed Use including Medical use and Medical R&D, Adjacent to Approved 34-condo project, CG Zone - MULTIPLE USE/REDEVELOPMENT OPTIONS - Owner Since 1973. The PORTOFINO - 1245 E Walnut St, Pasadena, CA. This Value-add commercial property is single story commercial office/retail with superb exposure right on Walnut St, located between Lake Ave and Hill Ave, and south of 210 FWY, it is the first time this property is being offered for sale since 1973! It is on a large ±16,881 SF/0.39ACRE corner lot with high density CG (ECSP-CG-1 Commercial General - HIGH DENSITY) zoning - Allowed Use: This flexible zoning allows Retail, also permits medical offices, professional office suites, medical R&D, multi-family residential projects, and transit-oriented developments (BUYER TO VERIFY!). A savvy developer would be able to maximize this lot with a high-density mixed-use redevelopment project (ground floor retail, and residential on subsequent floors) or a 100% affordable development which will remove any density limit. It has a total of 6,536SF building size on a ±16,881SF lot. It is separated into 16 individual suites. 8 of the suites are vacant and will be delivered vacant (approximately ±2,860 SF / ±44% - buyer to verify) which makes this building suitable for an owner-user. The remaining 8 tenants are all on month-to-month rent and are significantly below market. This clear rental upside provides clear opportunities for an owner-user or developer to immediately increase the rents and boost the current income. The property has a wide ±150ft exposure on Walnut Street and offers a CG (Commercial General) zoning which should allow much higher density redevelopment options (buyer to verify). The zoning allows a wide range of uses including (but not limited to): Medical use, Medical R&D, Retail, Residential, Transit-Oriented Development, Professional Office, and other wide range of uses. It enjoys a high traffic volume of ±16,808 CPD and has superb demographics with ±$125,686 average household income within a mile radius. The building has attractive curb appeal and separately metered for electricity. There are 17 electrical meters – the main panel has been updated. There are 2 shared bathrooms.

1245 E Walnut Street, Pasadena

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