Pasadena (SW) (647) Homes with Office Subtype

Pasadena (SW) (647) Homes with Office Subtype

Welcome to Pasadena, California – a vibrant city nestled in the heart of Los Angeles County, known for its rich history, stunning architecture, and a thriving cultural scene. This picturesque region boasts a unique blend of urban sophistication and suburban charm, making it an ideal place for families, professionals, and anyone looking to enjoy the best of Southern California living.

One of the standout features of Pasadena is its architectural diversity, from the iconic Craftsman bungalows to modern masterpieces. This area is particularly appealing for those seeking homes with an office subtype, as many properties are designed with dedicated workspaces that cater to the growing demand for remote work and home-based businesses. Imagine waking up in a beautiful home, sipping your morning coffee in a sunlit office, and enjoying the convenience of a productive workday right at your fingertips.

Pasadena is also home to a wealth of amenities, including top-rated schools, lush parks, and a vibrant downtown filled with eclectic shops, gourmet restaurants, and cultural attractions like the Norton Simon Museum and the Pasadena Playhouse. The city's rich heritage is celebrated through annual events such as the Rose Parade and the Tournament of Roses, drawing visitors from around the globe.

With its perfect blend of community spirit, artistic flair, and modern conveniences, Pasadena is not just a place to live; it's a lifestyle. Discover your dream home with an office space in this enchanting city, and embrace the opportunity to work and play in one of California's most desirable locales.

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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