Exclusive Listing - Multi

Exclusive Listing - Multi-tenant Retail For Sale
2487-2489 E. Washington Blvd | Pasadena | CA 91104
Executive Summary
Al
The Growth Investment Group is proud to offer an upgraded, TURN
KEY retail property in Pasadena, California. The property sits in a
great location near downtown Pasdaena and this sale presents a
great opportunity for an investor to own a retail property with a lot of
potential.
tad
en
aD
r. ±
19
,50
0V
PD
gton B
in
Wash
D
00 VP
13,0
lvd.: ±
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 office spaces, 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 Mini Leaf Indian Restaurant. With many
upgrades, this property is ready for any investor looking for great
commercial property in Pasadena.
Property Overview
Exclusively listed by:
Han Widjaja chen
Marc Schwartz
President | Cal BRE# 01749321
Associate | Cal BRE# 01515007
626.594.4900
han.chen@growthinvestment
group.com
+1.213.362.8500
marcschwartz@growthinvestment
group.com
Asking Price
Price per SQFT
APN
Building Area
Lot Size
Units:
$1,950,000
Unit Mix
$391
5853-021-027
Zoning
4,993 SF
Year Built
11,363 SF
5 Units
Parking
4 x retail spaces
1 x single family
residential
C3
1946 (renovated
recently)
13 spaces (8 retail +
6 residential)
Exclusive Listing - Multi-tenant Retail For Sale
2487-2489 E. Washington Blvd | Pasadena | CA 91104
Han Widjaja Chen, CCIM
President
Dir 626.594.4900 | Fax 626.316.7551
[email protected]
Broker License No. 01749321
na
ade
Alt
±
Dr.
PD
Leo Shaw
0V
50
19,
Was
hing
ton B
lvd.:
±13,
000
Vice President
Dir 626.716.6968
[email protected]
Broker License No. 01879962
VPD
Justin McCardle
Senior Associate
Dir 909.486.2069
[email protected]
License No. 01895720
Marc Schwartz
Broker Associate
Dir 626.491.9060
Investment Highlights
• First time on market since 1979
• An upgraded TURN KEY property
• Excellent frontage on Washington Blvd with
ideal retail location
• Good traffic volume on Altadena Dr.
(±19,500 vpd) and Washington Blvd.
(±13,000 vpd)
• Excellent live-work space for owner-user;
will qualify for an owner-user SBA financing
• Ready-to-go restaurant space with outdoor
patio seating area
• Short term leases with long-term tenants
• C3 Zoning with ±100 feet frontage on
www.growthinvestmentgroup.com
[email protected]
•
•
•
•
•
Washington Blvd.; Potential redevelopment
site
Upgraded copper plumbing and
electrical
Unique single family home attached with
the property (commercial zoning - can be
converted into medical office, etc.)
Over 14 parking spaces
New roof placed 8 years ago
5 HVAC units + 2 HVAC for the residential
side
License No. 01515007
Sandy Cheng
Marketing
Dir 626.594.4901
[email protected]