1020 El Centro Street, South Pasadena

$15,500,000

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0 Bed
0 Bath
1.1 Acres
0 Garage

Exceptional investment opportunity set in the heart of downtown South Pasadena, California! Discover a rare gem a 1.1-acre development site within a vibrant 1.9-acre block. Prime location with an exceptionally high walk score (94/100) and coveted entitlements for 108 residential units with desirable condo rights and 10,597 sq. ft. of premier retail space along bustling Mission St. Located in the very center of South Pasadena's charming shopping district, adjacent to the Library, and a mere block away from the Metro Goldline Station. The historic buildings have plans to become a vibrant food hall + songwriter music venue, further enhancing the appeal of the property. Secure the 1.1-acre development portion at 15M (closing upon APN map finalization). Alternately, acquire the entire 1.9-acre block, including the historic buildings, for 23M. Don't miss this exclusive chance to invest in South Pasadena's thriving community. Contact us now to explore the immense potential of this investment opportunity!

Essential Information

MLS® #
23250919
Price
$15,500,000
Bathrooms
0.00
Acres
1.10
Type
Land
Status
Active

Community Information

Address
1020 El Centro Street
Area
658 - So. Pasadena
City
South Pasadena
County
Los Angeles
Zip Code
91030
Senior Community
N

Amenities

View
City Lights, Courtyard

Exterior

Lot Description
Flat

Additional Information

Date Listed
March 14th, 2023
Days on Market
432
Zoning
MSSP

Listing Details

Agent
Matthew Gangi
Office
Tricity Realty Inc
Property History
Price Increased from $15,000,000 to $15,500,000

LISTING MAP

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Matthew Gangi - Tricity Realty Inc

Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2024 at 1:25am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.