Millman Team Real Estate

$25,000,000
1.95 Acre Lot

1035 Mission Street, South Pasadena, California 91030

  • Commercial Sale Property Type
Property Description

PORTFOLIO LISTING — COMBINED OFFERING (COMMERCIAL / MIXED-USE / INVESTMENT). Exceptional investment opportunity in the heart of the City of South Pasadena, CA. Celebrated for its top-rated public schools, tree-lined streets, historic character, and creative energy — a rare combination that consistently ranks among Los Angeles County’s most sought-after places to live. Discover a rare gem — a 1.945-acre fully entitled city block in the bustling core of downtown South Pasadena, one block from the METRO A LINE (GOLD LINE) and surrounded by the city’s best dining, cafes, and retail. This unique offering combines two distinct parcels: the 1.3-acre MISSION STREET entitled development site (approved for 108 residential units with desirable condominium rights and 10,597 SF of ground-floor retail) and the EL CENTRO / SCHOOL HALL adaptive re-use, fully leased and rehabilitated parcel. Together, they offer DEVELOPMENT POTENTIAL and STABLE INCOME from premier tenants in a fully rehabilitated historic building within one of Los Angeles County’s most walkable and desirable downtowns. 1.945 acres across two APNs — Mission Street (1.3 acres) and El Centro / School Hall (28,122 SF) — FLAGSHIP ENTIRE CITY BLOCK ASSEMBLAGE offering both immediate yield and exciting development potential. TOTAL BUILDING AREA (96,302 SF) reflects 11,435 SF of existing historic retail plus 84,867 SF of entitled new construction (10,597 SF new retail and 74,270 SF residential). APNs: 5315-008-048 (Development) + 5315-008-049 (Historic).

Basic Details
Commercial Sale
For Sale
25613999
$25,000,000
1.95 Acre
Active
: Tile, Spanish Tile, Clay
Features
$0
Address Map
CA
Los Angeles
South Pasadena
91030
Mission
1035
Street
W119° 50' 38.7''
N34° 6' 57''
The site is in the heart of the South Pasadena downtown -- It is bounded by Mission Street to the North, Fairview Avenue to the East, El Centro Street to the South, and Diamond Avenue to the West.
658 - So. Pasadena
DTSP
Additional Information
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$0
$0
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96302
: Park
: Brick
: Near Park, Corner Lot, Lot Over 40000 Sqft, Near Public Transit, Street Level, Over 40 Units/Acre
108
2025-11-03
Multi-Family
Broker/Agent Information
Tricity Realty Inc
Matthew Gangi
Listing Information
CLW-G132551
CLW-G7602
Active
2025-11-03T23:03:44Z
CRMLS
: Standard
2025-11-03T00:00:00Z
Agent info
Ray Millman
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