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826 N Fair Oaks Avenue, Pasadena, CA 91103

Commercial Property MLS# OC17136324 ID: 46686009
$1,195,000 Get Rates

Located in the highly redeveloping Fair-Grove Specific Plan(FGSP), the property offers high traffic exposure with back alley access. It's one block north of a very busy commercial intersection, that occupies Chase, Wells Fargo, CVS, Starbucks, Subway and many more and one block south of the intersection leading to the Historic Rose bowl. Current use is a residential fourplex consisting of a 1,464 sq. ft., 4 bed/2 bath home and three 1 bed/1 bath units with lots of parking. Rental income is $4,336/mo. The lot is 195' by 55'(10,725 sq. ft.). Zoning is C3(a)-highest density commercial (40 units/acre, 3 stories/40 ft. high). There may be density bonuses and possible height variances available (inquire with City). Zoning allows for commercial, mixed use and special type property developments(see zoning supplement). The business-friendly Enterprise Zone designation adds significant tax credit savings, local permit fee waivers and other incentives to help reduce the cost of doing business. Pasadena is in its fourth decade of redevelopment and in recent years many new developments have sprouted-up in and around the surrounding area. Most recently, the long-awaited Heritage Square Development has just completed phase 1 and is awaiting the construction of phase 2. Pasadena's aggressive efforts to redevelop, the specific and thriving location and the current zoning codes and business friendly environment make this piece of land a tremendous investment for the would-be developer.

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Location Information near 826 N Fair Oaks Avenue
Offered by Dean Garcia at Hous Realty

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Property Features for 826 N Fair Oaks Avenue
Market Status
Last Updated
March 21, 2018
Property Type
Commercial Property
Year Built
Sq. Feet

Building Features

  • Roof: Asphalt Shingle Roof


  • MLS Area: 645 - Pasadena (Nw)

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More information about this $1,195,000 Commercial Property at 826 N Fair Oaks Avenue

This $1,195,000 Commercial Property at 826 N Fair Oaks Avenue in Pasadena, CA is presented by Dean Garcia. This $1,195,000 Commercial Property, located in the 91103 zip code, has the following property features: MLS Area, Roof. This 826 N Fair Oaks Avenue Commercial Property, located in Los Angeles County , is listed under MLS listing number OC17136324 and has a listing price of $1,195,000. You can find more PASADENA homes for sale here.