2487 East Washington Blvd., Pasadena, CA 91104

$1,950,000 Approx. USD 0 beds, 0 baths
4,993 sqft

Agent Remarks

This property sits in a great location near downtown Pasadena and this sale presents a great opportunity for an investor to own a retail property with a lot of potential. This unique property offers a rare mix of retail and residential space on the same lot. This would a great space for an owner-user or an investor. The property has a unit mix that consists of an updated restaurant with a new kitchen, appealing patio seating, three separate office spaces that are leased out, and a beautiful single family home. The home is zoned for commercial use and can be rented out as either a single-family home or developed into another commercial rental. The property sits in a highly convenient location on the Pasadena/Altadena border while still being close to downtown Pasadena. This property also sits near the busy intersection of Washington Blvd and Altadena Drive. At this intersection there is a 7-Eleven, McDonalds, Phoenix Pharmacy, and other national and local retailers. This area of Pasadena sits adjacent to the City of Sierra Madre on its east side. The property has an excellent trade area with strong income demographics within 1 mile radius (┬▒$136,000 average household income).

Listing Details

Property type: (Commercial)
Status: Active
MLS# AR16180323
List price is $1,950,000 Reduced by $238,000 on 10/20/2016
Beds: 0
Baths: 0
Built in 1946
4,993 sqft
0.26 acres
Lot size: 11363.000
County: Los Angeles
Zoning: C3
MLS area: 646 - Pasadena (NE)

Last Updated: 10/20/2016

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This listing belongs to the 646 - Pasadena (NE) MLS area

The listing is zoned C3.
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Lat/Long: 34.169175, -118.099205.
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Broker: Courtesy of Growth Investment Group, Inc.
Listing Agent: Handoko Chen

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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