118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103

118 - 128 N. Fair Oaks Avenue Pasadena, CA 91103

118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103
118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103 118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103 118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103 118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103 118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103 118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103 118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103 118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$8,350,000
Last Verified:
Sep 27, 2024

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Highlights

  • Power - 600 amps with 7 meters
  • Early California Craftsman Inspired interior improvements
  • CD-MU-C [Central District Mixed Use Core Zoning]
  • Zoning allows for office & retail use. Residential on 2nd floor
  • Rear private, gated surface lot for 12 single spaces
  • Plenty of public & private parking in immediate area
  • Affluent HHI - $120,926 - 1 Mi. radius $154,010 - 3 Mi.

Description

2 story Building with 21 Private Window Office , 6 Support Staff area, 2 Conference Rooms,1 Full Service Kitchen, 1 Copy Room, 5 restrooms & 1 shower, 2,600 SF outdoor patios perfect for social gatherings.
1989 - New Sprinklers, 1990 - Seismic Rehabilitation, 2022 - Exterior Paint and AT&T fiber to Building, 2023 - 9 new Skylights replace and New Roof, 2024 - New Carpeting to portion of 2nd Floor.

Rare generational Owner-User Office Building opportunity on Fair Oaks Ave. between Holly St. & Walnut St. directly across from new $1 Billion Phase 1, 10 West Walnut Mixed use office, retail, and apartment development. Located in Old Pasadena, 2 blocks north of Colorado Blvd.

Building Size: 10527sq ft
Building Class: C
Lot Size: 0.26 acres


Documents

118 - 128 N. Fair Oaks Ave

Map of 118 - 128 N. Fair Oaks Avenue, Pasadena, CA, 91103

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.