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:
$7,358,000
Last Verified:
Dec 21, 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

118-128NFairOaksAve_OM_CS_v11.pdf

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

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.