2487 E Washington Blvd.,  Pasadena CA, 91104 (Commercial)

Status: Active
MLS#: AR16180323
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Last Updated: 12/6/2016 1:23 PM
Description for 2487 E Washington Blvd. Pasadena, CA 91104
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).
Price
$1,950,000
Los Angeles
AR16180323
Active
Description
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 Information
Property Type: General Commercial, Other
1946
Neighborhood
Room Information
Exterior / Lot Features
None
C3
Driving Directions
Cross Streets: Altadena Dr.
Financial Considerations
5853021027
Listing Price History

Pasadena Real Estate

Pasadena is located in California. Pasadena, California 91104 has a population of 137,316.

The median household income in Pasadena, California 91104 is $68,310. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Pasadena 91104 is 37.1 years.

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Courtesy: Growth Investment Group, Inc. Handoko Chen
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